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IFFI 2019 to be held at proposed convention centre: Goa CM

Press Trust of India  |  Panaji 

Chief Minister today said that the 50th edition of the of (IFFI) scheduled to be held in 2019, will be hosted at the convention centre that will be constructed through public private partnership (PPP).

The state cabinet today approved the construction of the convention centre, which is planned to be built at Dona Paula, near here.

"The state cabinet has decided to have a convention centre, which will be constructed through PPP mode," Parrikar told reporters after the cabinet meeting.

The Entertainment Society of (ESG), which is a local host for IFFI, would develop the convention centre to be constructed by creating a special purpose vehicle (SPV) under the state-run Economic Development Corporation (EDC), he said.

"ESG will develop the convention centre. However, ESG is not an agency to develop the project, it can develop programmes. Hence, we have decided to involve the EDC," the chief minister said.

He said there is no need of a big construction agency to build the project.

"It is on PPP model...It is in fact a model, wherein the government will get a revenue," he added.

is currently hosted on the premises owned by the ESG in the heart of the city.

"EDC is nominated as joint partner to form a special purpose vehicle and it (EDC) will float all the tenders and develop the convention centre in two phases," he said.

"Since 50 years of is approaching in 2019, we would like to have it in the complex of its own located at Dona Paula (convention centre)," the chief minister said.

The state government is planning to build a 5,000-6,000 seater convention centre, which will also have around 1,000 rooms for the accommodation, he stated.

Parrikar said that the committee headed by him will monitor the construction of the convention centre.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 13 2017. 20:32 IST