Keenjhar Lake Resort Project - Sindh Board Of Investment ...

Apart from the Resort component, the convention centre and the golf course, a certain amount of
flexibility will be available to developers to suggest other alternative development mix or use
strategies, which shall be examined for assessment of commercial viability, its impact on the
conceptual master plan and for its environmental impact.
10.3 Development Package II
The Development Package II (the “DP-II”), also referred to as Recreational Zone Development,
relates to the costs for the establishment of integrated commercial and recreational facilities within the
Project.
The development to be undertaken in the DP-II includes medium level hotel/ lodging area, retail
complex, theme parks, water parks, amusement parks, amphitheatre, museum, boating club,
Cineplex, etc.
The inclusion of this recreational zone is to provide visitors with activities to undertake when visiting
the Keenjhar Lake site. This in turn makes the case for longer stays at the lake and hence increases
the money that visitors are likely to spend, thereby contributing to the Project’s commercial viability.
It is envisaged that the Project site will only develop once there is reasonable development and
access to roadsand at least partial development of the resort is complete. It may not be feasible to
expect investment in theme parks and amusement zones to be made in a completely undeveloped
area. The developer would therefore have the flexibility to either develop and operate this parcel on
their own, subject to detailed design and a development plan that would be approved by an
independent engineer (the “IE”), or grant a sub-concession or even sub-contract the development of
various components of the recreation zone.
The table below delineates the allotment of the total area for DP-II i.e. 200 acres:
Table: Land area utilized & percentages
Component Area (Acres) %
Amusement Park 21 11%
Amenities – Utilities 12 6%
Theme Park 22 11%
Motel / lodging area 6 3%
Boating club, Restaurant area 7 4%
Cineplex, Retail & Gaming zones 5.5 3%
Water Park 18 9%
Open area / allocable area 108.5 54%
Total 200 100%
The construction of DP-II is planned to be completed during a 36 month period coinciding with the
completion of the DP-I development. Both Project phases complement each other in terms of their
commercial viability.
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Keenjhar Lake Resort Project - Project Information Memorandum