Wonderla Holidays has signed Memorandum of Understanding (MOU) with the Government of Tamil Nadu to set up a large scale amusement park at Chennai. The company proposes to make an investment of Rs 300 Crore in the project over a period of next three years. The company proposes to fund the project through combination of debt and internal accruals.
As per the MOU the government of Tamil Nadu will facilitate speedy clearance to the project through single window clearance and will provide uninterrupted power and water supply.
