Over SR40 million to be spent for outdoor Music Stadium to be operational
June 04, 2018
The estimated sum of approximately SR 41.2 million rupees will be spent before the music stadium becomes operational. A committee has been set up to oversee the project up to its completion phase, comprising of representatives from the Department of Finance, Department of Culture, Department of Infrastructure, National Arts Council and Creative Industry and National Events Agency (CINEA).
A total sum of SR 10.5 million is being requested in the supplementary budget for 2018 to complete the infrastructure.
CINEA is preparing a project details for the Technical Investment to be incorporated in the 2019 budget.
The committee would like to confirm the following breakdown for completion of the Music Stadium;
|
|
Seychelles Rupees |
Seychelles Rupees |
|
Total Infrastructure Costs a) Work Certified and disbursed b) Work to complete Phase 1 c) Work to complete Phase 2 |
11,647,101.80 10,568,133.41 1,000,000.00 |
|
|
|
|
23,215,235 |
|
Total Estimated Technical Investment Equipment |
|
18,000,000 |
|
TOTAL COSTS |
|
41,215,235 |