Centre is likely to license out The Ashok through the operate-maintain-develop mode for a period of 60 years Disinvestment of India Tourism Development Corporation (ITDC)’s iconic hotel The Ashok in the national capital will soon be taken up for discussions by Public Private Partnership Appraisal Committee (PPPAC), said government sources.
PPPAC will be monitored by Secretary, Department of Economic Affairs and Centre will float a Cabinet note for long lease of The Ashok post PPPAC approval.
Centre is likely to license out The Ashok through the operate-maintain-develop (OMD) mode for a period of 60 years.
The hotel was a pet project of India’s first PM Jawaharlal Nehru and built in time for the country to host the UNESCO meet in 1956.
