27 C
Panjim
Saturday, April 17, 2021

ESG’s INOX multiplex to be demolished, to make way for new one





Must read

Govt to add more beds to GMCH, SGDH, ESI to be covid hospital again: CM

Panaji: Amidst sudden spike in the COVID-19 positive cases on Friday, Goa Chief Minister Pramod Sawant said that the additional beds would be provided...

Goa to go for stricter curbs in next two days: Tanavade

Mapusa: Bharatiya Janata Party’s Goa President Sadanand Tanavade on Friday hinted at the State government going in for stricter curbs to control spread of...

Goa reports 927 new cases, six deaths on Friday

Panaji:Goa's coronavirus caseload went up by 927 and reached 65,499 on Friday, a health department official said. The death toll mounted to  868 as six ...

Humiliating 7-0 defeat of BJP backed Sanquelim Chairperson is clear signal of ” End of BJP government is near”- Digambar Kamat

Panaji -  The humiliating 7-0 defeat of BJP backed Chairperson of Sanquelim Municipal Council Yeshwant Madkar is clear signal of "End of BJP Government...
- Advertisement -

Panaji: Entertainment Society of Goa has decided constructed an upgraded version of its multiplex by demolishing the structure which was constructed during first IFFI in the year 2004.

The four screen multiplex which is leased out to INOX Leisure Private Limited will be demolished in March to make way for the new structure of international standards, ESG Vice Chairman Subhash Faldesai said.

The ESG had invited bids for construction of multiplex at the same place for which two bidders – PVR Cinema and INOX Leisure Private Limited had bidded.

Faldesai said that PVR Cinema was disqualified for “not furnishing work experience.” The promoters of PVR Cinema had even approached High Court against the process, but ESG won the case.

The current structure would be “fully demolished”, Faldesai said adding that the new structure would be constructed on Built-Own-Transfer basis within next six months.

Faldesai said that the structure would be taken up for demolition in March for which INOX has kept a depoisit of Rs four crore with the government.

As per the agreement, INOX will construct international standard multiplex with four screens and will run it for 12 years.

After completion of new structure, INOX will pay Rs 54 lakh per month to ESG as against the Rs 20 lakh per month paid till now.

Faldesai said that there will be five per cent year on year increase in the monthly charges paid by INOX to ESG.

The structure will be built on same area.

The multiplex was constructed in the year 2004 during first IFFI by then chief minister Manohar Parrikar demolishing the ruins of Old Goa Medical College.

Veer Zara was the first movie screened in this multiplex, which was state’s first such facility. The multiplex has been hosting IFFI annually besides showcasing the films on regular basis.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Govt to add more beds to GMCH, SGDH, ESI to be covid hospital again: CM

Panaji: Amidst sudden spike in the COVID-19 positive cases on Friday, Goa Chief Minister Pramod Sawant said that the additional beds would be provided...

Goa to go for stricter curbs in next two days: Tanavade

Mapusa: Bharatiya Janata Party’s Goa President Sadanand Tanavade on Friday hinted at the State government going in for stricter curbs to control spread of...

Goa reports 927 new cases, six deaths on Friday

Panaji:Goa's coronavirus caseload went up by 927 and reached 65,499 on Friday, a health department official said. The death toll mounted to  868 as six ...

Humiliating 7-0 defeat of BJP backed Sanquelim Chairperson is clear signal of ” End of BJP government is near”- Digambar Kamat

Panaji -  The humiliating 7-0 defeat of BJP backed Chairperson of Sanquelim Municipal Council Yeshwant Madkar is clear signal of "End of BJP Government...

Six succumbed to covid-19 infection on Friday

  Panaji: Total six people succumbed to covid19 infection on Friday. Five died at GMCH and one at South Goa District Hospital. Among the 5 deaths...