The Rajasthan Cricket Association has received a financial grant of Rs. 100 crores from the Board of Control for Cricket in India (BCCI) to build the second-largest stadium in India. The stadium will be built in Jaipur.
The estimated time for the construction of the first phase of the stadium is likely to take 24 to 30 months while an amount of around Rs. 290 crores would be required for the construction work.
"Historic day for cricket in Rajasthan -- went to JDA for getting the lease deed and possession letter from JDC Gaurav Goyal for the land for India's second-largest cricket stadium proposed at Jaipur. Also present were GS Sandhu, Advisor, Mahendra Sharma, Secy and others," RCA President Vaibhav Gehlot tweeted.
The stadium which will have a spectator capacity of 75,000 will get the funds for construction from three sources. 100 crores will be provided by the BCCI, a 100 crores loan from the bank and Rs. 90 crores from RCS funds.
"Construction work will be done in two phases. There will be 40,000 spectator capacity in the first phase and the ground will have 44 international level cricket pitches," an official statement read.
"There will be two practice grounds, four cricket academies, hostels, parking facilities, sports facilities like club, hotel, gym etc. and will be made of international level," it added.
The Narendra Modi stadium in Ahmedabad is presently the biggest cricket stadium in the world having a total capacity of 1,32,000 and was inaugurated by President Ramnath Kovind ahead of the Day-night Test between India and England earlier this year.