Govt fast-tracks 7 major infra projects, Signs deal

JUNTA HOUSE, CIRCUIT HOUSE TO BE REDEVELOPED

- THE GOAN | NETWORK

The State government has signed a Memorandum of Understanding (MoU) with the National Building Construction Corporation (India) Ltd (NBCC) for the redevelopment of seven key infrastructure projects under the Public-Private Partnership (PPP) model.

The projects include the redevelopment of Junta House, Circuit House at Altinho, government quarters at St Inez, the government garage at Panaji and the Kadamba Transport Corporation (KTC) bus stand at Vasco. In addition, NBCC will construct the Prashasan Stambh administrative complex at Chimbel, Kadamba Plateau.

Chief Minister Pramod Sawant said the projects would be executed on a 70:30 space-sharing arrangement, with NBCC retaining about 70% of the developed space and the government receiving the remaining 30 per cent on lease for a period of 60 years.

However, two projects the Prashasan Stambh and the new Circuit House will be handed over to the State.