PANJIM: The State government will soon invite fresh bids for construction of 5000-seater world-class Convention Centre at Dona Paula after it terminated the bid of the earlier bidder the DCS Energy Limited allegedly for forgery and cheating.
It is learnt that the Public-Private Partnership (PPP) department found that the bidder DCS Energy Limited allegedly sold 60 per cent of the stake in new special purpose vehicle (SPV) to a third party for Rs 500 crore when it was not permissible.
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After the bank guarantee of Rs 16.22 furnished by the bidder was found to be fake, the PPP department filed a complaint before the Crime Branch, who registered a case against DCS Energy Limited director Dipak Shah and another person.
In April last year the State Cabinet had approved a proposal to construct an international Convention Centre on public-private partnership (PPP) basis at Dona Paula plateau. The concessionaire will have to comply three mandatory facilities such as construction of a 5000-seater Convention Centre, 300 keys hotel of four-star and above category and four-screen multiplex having 800 seating capacity. The 300 rooms hotel and the four-screen multiplex will be built adjacent to the Convention Centre.
The estimated project cost is Rs 540 crore and it will be constructed on Design-Build-Finance-Operate-and-Transfer (DBFOT) basis with a concession period of 60 years. The government will allot land to the concessionaire, who will build the project and share revenue with the government till the 60-year concession period ends. At the end of the concession period the entire facility will be transferred to the State government.
