Goa cabinet approved seven development projects worth ₹2,500 crore under the PPP model.
Projects include redevelopment of Junta House and Circuit House, construction of Prashasan Stambh, reconstruction of govt quarters at St Inez, govt garage, and a new bus stand for Kadamba Transport Corporation at Vasco.
NBCC (National Buildings Construction Corporation) will execute the projects.
Goa Cabinet Clears PPP Projects of ₹2,500 Crore
Chief Minister Pramod Sawant told reporters that opting for the PPP mode will help in the completion of these projects faster, and without the investment from the state coffers
Chief Minister Pramod Sawant X
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The Goa cabinet on Monday approved seven development projects collectively valued at ₹2,500 crore, to be taken on a Public Private Partnership (PPP) basis in the coastal state.
After the cabinet meeting, Chief Minister Pramod Sawant told reporters that opting for the PPP mode will help in the completion of these projects faster, and without the investment from the state coffers.
The projects include the redevelopment of Junta House building, Circuit House building (both in Panaji), construction of a new Prashasan Stambh near here, reconstruction of government quarters at St Inez, Panaji, reconstruction of government garage here and construction of the Kadamba Transport Corporation's bus stand at Vasco (in South Goa), he said.
The public sector undertaking firm NBCC (National Buildings Construction Corporation) will take up these projects under the PPP mode, and the work will start in the next 10-15 days, the CM said.
Sawant said the state government would have had to spend at least ₹2,500 crore on these projects if it had to do it on its own.
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