GTDC floats tender to privatise Calangute Residency

Tuesday, August 31, 2021

Calangute Residency, the state-run tourism facility in the close vicinity of the uber-popular Calangute beach, has been opened to private players.

The Goa Tourism Development Corporation (GTDC), operating this property — one of its oldest and most commercially successful, with high occupancy figures daily — has floated a tender inviting requests for proposal (RFP) for private players to “participate” in its facelift, operation and maintenance for at least five years. This may be renewed for a second and third term of five years each.

The project site covers 21,800 sq. m. of land, and is located at survey no. 200/1. In the recently-ended assembly session, opposition MLAs brought up the issue of privatization of government tourism properties.

A senior officer said, “GTDC wishes to tie up with a private entity to propose a suitable commercial concept, renovate the property, and thereafter operate and maintain the same. The already-developed Calangute residency will be given on an as-is basis to the successful bidder. The private entity must develop a suitable concept, renovate the existing structure based on the said concept, and operate and maintain the same.”

The bidder should have experience in development or operations or maintenance of minimum 1,000 sq. m. of commercial space for a minimum period of three years anywhere in India, before the last date of bid submission. The successful bidder has to form a special purpose vehicle to implement the project.

GTDC will hand over the existing structure — the built-up area is 1,668.8 sq. m. — to the successful bidder.

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