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Recognising the significance
of the Project the State Government of Uttar Pradesh has
generously offered approximately 750 acres (300 hectares)
in Kushinagar.
A comprehensive Memorandum
of Understanding was signed by Maitreya Project Trust
in India and the Government of Uttar Pradesh on 9 May
2003. The MOU was developed over a 12-month period and
represents an excellent basis from which the State Government
and Maitreya Project can proceed with a shared vision
for the Project.
Before Maitreya Project
is able to take possession of the land site in Kushinagar,
there is a legal and administrative process to be followed
according to government procedure. This is steadily progressing
and Maitreya Project expects to take possession of the
land site by the end of 2004.
The next phases of detailed
design and construction will be based in India. We expect
to mobilise the engineering team and open Delhi and Lucknow
offices towards the end of 2004. |