DLF Consortium bags Rs 400 cr convention centre contract: Rane

Panaji, Mar 2 (UNI) Delhi-based DLF Consortium has bagged the Rs 400 crore contract for building the prestigious 4000 capacity Goa Convention Centre after finalising the bids.

This was disclosed to mediapersons by Chief Minister Pratapsinh Rane here today.

Mr Rane said the Consortium, within two weeks of signing a memorandum of understanding with the government, will pay Rs 162 crore upfront to the government.

The convention centre, to be built on a 25 acre site in Dona Paula on ''build, operate and transfer basis'' under the public-private partnership model, will become a beehive of activities including the coming International Film Festivals of India (IFFI), he said.

The construction includes a big hotel complex to accommodate guests, which will be ready in 18 months. The company has to shell down 5 per cent of the revenue it generates to the government after 5 years and hand it over after 35 years, Chief Secretary J P Singh said.

UNI