Islamabad Cricket Stadium Takes Form as CDA and PCB Reach Agreement
Islamabad: An agreement was made between the Capital Development Authority (CDA) and a representative of the Pakistan Cricket Board (PCB) for the construction of a cricket stadium in Islamabad.
Shakil Shaikh, a member of the PCB management committee, reportedly went to the CDA headquarters and spoke with Chairman Noorul Amin Mengal. The construction of the cricket stadium close to D-12 in the Margallas foothills has been agreed upon in principle by both sides.
It is pertinent to state that the CDA chairman revealed to the PCB delegate during the meeting that 25 acres of land had been set aside for the stadium’s construction.
A memorandum of agreement (MoU) would also soon be developed and signed by both parties, it was also decided. According to a CDA representative, the PCB would manage the stadium’s construction, but the CDA will furnish the site.
It is to be noted that both sides will split the stadium’s earnings under the terms of the deal. The MoU will specify the particular terms and conditions, although the CDA is considering a revenue share of 30% with the PCB receiving 70%.
The meeting with the PCB official was only a preliminary discussion, according to Chairman CDA, who also affirmed that a subsequent meeting will be set up to finalise the specifics and sign the MoU.
The CDA chairman said that the designated site is located in an ideal area in the Margallas foothills. Furthermore, he emphasised that once built, the stadium will improve Islamabad’s aesthetic appeal.
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