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Goa Cabinet approves bidder Trishul Buildtech to maintain Panaji Park

The Goa Cabinet has approved the State Tourism Department’s decision to appoint bidder Trishul Buildtech and Infrastructures Pvt Ltd to develop, operate and maintain ‘Panaji Park’, for which the department will earn INR 63 lakh in annual licence fees.

The riverfront property, was leased to Mandovi Hotels Pvt Ltd. However, Goa Tourism Department took back possession of the property last year and sealed it after the lessee failed to hand it over upon expiry of the lease agreement. Both parties took legal recourse for the matter, and the case was finally disposed of on April 1 t and the order to vacate the premises was maintained, the Cabinet note said.

In the meanwhile, the tender process for the selection of a suitable bidder to develop, operate and maintain the premises got under way, with Trishul Buildtech and Infrastructures Pvt Ltd emerging as the successful bidder. The file was thereafter submitted to the state government for administrative approval.

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