The project would include a cricket ground, a bungalow, an academy complex and a resort, according to the plan unveiled by the cricketing legend before West Bengal chief minister Buddhadev Bhattacharjee in Kolkata.
The former Aussie skipper, who has a long-standing relation with West Bengal with his philanthropic activities, has also expressed willingness to build a small satellite township, according to state municipal affairs minister Ashok Bhattacharya.
Bhattacharya, with whom Waugh had a meeting at Salt Lake before meeting the chief minister, said that the West Bengal government has suggested that the township, slated to include a golf course, be set up in neighbouring Baruipur in South 24 Parganas or Dankuni in Hooghly district.
"However, if he does not find these spots suitable he can come to North Bengal," Bhattacharya, who represents the Siliguri seat in the state Assembly, said.
During his meeting with Waugh, who was accompanied by representatives of Macquarie Bank Limited of Australia, Bhattacharya put forward a suggestion that the Cricket City could be built in the new satellite township 'New Town' at Rajarhat.
''Waugh has liked the idea. But the final decision would be taken once he returned to the city six weeks from now,'' he said.
Accompanied by the minister, Waugh also visited the proposed Sourav Ganguly Cricket Academy at Salt Lake.