Twin Tower project Twin Tower project The Assam Government inviting fresh Request for Proposal for development of the proposed Twin Tower in Guwahati is desperate attempt to attract private developers for the ambitious project. | 17 Dec 2020 4:33 AM GMT The Assam Government inviting fresh Request for Proposal for development of the proposed Twin Tower in Guwahati is desperate attempt to attract private developers for the ambitious project. The State government in 2018 signed an agreement with the National Building Construction Corporation (NBCC) for development of a 65-storeyed iconic twin tower trade centre but the project failed to take off. The State government also showcased it at the 'Advantage Assam' global investors summit to attract investors to the state. Despite the agreement with the NBCC, the project was in limbo over the issue of funding. The Assam Industrial Development Corporation Limited has floated fresh global tender for developing the Rs. 2000-crore project by involving private developers. The bid document says that the main objective of development of twin tower is to "create a world class infrastructure for tapping the opportunity in real estate sector and put Guwahati on the global map". The Developer shall be entitled to own its share of built-up area on freehold basis and collect revenues from the project in accordance with the terms of the Development Agreement. The selected developer will have to make an upfront amount of Rs 180 crore and all costs and expenses of construction of the project including the costs and expenses of obtaining the approvals, all licenses, permissions, and sanctions, shall be paid for by the developer.