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Goa government not to spend any funds on new Convention Centre Project at Dona Paula

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Panaji: Goa government has clarified that there will be no fund spent on Convention Centre Project at Dona Paula.

CMO has clarified: This is regarding news item appeared in today’s newspapers (9th April 2021) and also on social media regarding Convention Centre project at Donapaulabeing undertaken by Finance Department (PPP Division) on PPP basis. The amount of Rs.540 crorereferred in the news item as cost of land is incorrect and misleading as the said amount is the estimated cost of the mandatory facilities to be developed by the Concessionaire at his own cost. RFP for the said project has been floated and bid process is still goingon. The land for the proposed Convention Centre at Donapaula is being neither sold nor given on lease to the winning bidder. Even the land cannot be mortgaged by the winning bidder for raising finance. The land will be given on license basis with Right of Way for development of the project. The title of the land shall remain in the name of the Government and the entire project get transferred to the Government after the concession period. Government will get revenue share from the Concessionaire from the date of commissioning of the project till the end of the concession period.

 

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