Delhi Metro Rail Corporation (DMRC), it is inviting proposals for the construction of a theme park spread over 15 hectares near Shastri Park. The tender for the RFP (request for proposal) was floated earlier last week.

It is expected to come up by the end of the year, said Delhi Metro sources. The amusement park, which will come up on "O" zone – which doesn't allow the construction of any permanent structures or banquet/drive-in cinema halls – will enable Delhi Metro to no only utilize the land properly but also earn some much-needed revenue.

The non-refundable entry licence fee for the park is a healthy Rs 5 crore plus service tax, as well as an annual fee that will be decided once the developer is fixed. As per the RFP, while the theme park will be leased out for 15 years, DMRC holds the right to extend the lease by five years, subject to mutual agreement.

The developer, however, will be liable to get all clearances from fire, police and land development authorities to run the park. DMRC officials added that since work on the park would start within a month of deciding the developer, it should become a reality soon.