RCA plans to launch tenders for the construction for the stadium. Credit: Free-Photos / Pixabay.

Rajasthan Cricket Association (RCA) in India is set to build a new cricket stadium in Jaipur with an investment of around $40.2m (Rs3bn).

The new stadium is expected to be the world’s third-largest of its kind after the Narendra Modi Stadium in Motera in the Indian state of Gujarat and the Melbourne Cricket Stadium in Australia.

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Opened in February 2021, the Larsen & Turbo-built Narendra Modi Stadium has a seating capacity of 110,000 people. The $110m (Rs8bn) stadium is spread over 63 acres.

With a capacity to accommodate 75,000 people, the new stadium will be backed by a $13.4m (Rs1bn) crore infrastructure grant from the Board of Control for Cricket in India (BCCI).

For the project, around 100 acres of land at Delhi Road in Chonp village has also been allotted by the Jaipur Development Authority to RCA.

Planned to be constructed in two phases, the stadium will comprise two practice grounds, an academy and a clubhouse hotel, among other facilities.

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Rajasthan Cricket Association president Vaibhav Gehlot said: “The stadium will be constructed in two phases. In phase 1, 40,000 spectators capacity will be built with 11 cricket pitches, two practice grounds, one cricket academy, a hostel, parking facility, sports club, hotel and gym.”

RCA plans to take a $13.4m (Rs1bn) loan facility and generate $12m (Rs900m) through a corporate box.

The new stadium is slated for completion in two and a half to three years.

RCA plans to issue tenders for the stadium construction in near future. It plans to start work by September.