Work On New Central Market Building Worth Rs 114 Crore To Begin Soon: Finally!!

Work On New Central Market Building Worth Rs 114 Crore To Begin Soon: Finally!!

The proposal for the demolition and reconstruction of the new market has witnessed several ups and downs with the issue reaching Karnataka High Court in the year 2020. The MCC had demolished the 60-year-old Central Market building to facilitate the new building work in April this year after the High Court vacated the stay order.

The work on the construction of new central market for Rs 114 crore will begin in the next 15-20 days. Mangalore City Corporation (MCC) which owns the property, the Mangalore Smart City Limited (MSCL) will take up the Redevelopment of the Central Market and Fish Market project under a Public-Private Partnership (PPP) model. The new market will be constructed on 3.6 acres of land. The road in and around the Central Market has already been developed and the foundation will be laid shortly. As per the proposal, the new market will have five floors and parking space in the basement. The MSCL had prepared the detailed project report for the market at an estimated cost of Rs 114 crore.

Mangaluru Smart City Limited (MSCL) General Manager (Technical) Er Arun Prabha said, “The tender process has been completed, and a Mangalore-based concessionaire Somayaji Estates has been entrusted with the work.

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