Bengal invites bids for eco tourism park

The West Bengal government has invited bids from private companies to develop an eco-tourism hub at Jaddkhali, Sunderbans, about 110 kms from Kolkata, with estimated cost of running between Rs 157-392 crore (maximum and minimum assessed cost), albeit without any tax sops. The project will be spread over 99 acres, with development  spread over 46 acres.  

The government will not be offering any tax sops for developing the eco tourism park, and the bidders will be initially shortlisted on the basis of highest upfront fee. Apart from the highest bid fee, the developer would also be required to pay an annual concession fee to the government in lieu of the project site, according to the terms and conditions of the bid). The annual concession fee would be one per cent of the highest upfront fee in the first year, followed by 5 per cent of the last annual concession fee paid.

The project is aimed to be developed in design, built, finance, operate and transfer (DBFOT) basis, with the developer possessing right to charge user fee for 32 years.  

Full report here Business Standard


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