Chairman of the SGPDA, Cuncolim MLA Subhash 'Rajan' Naik told TimesOfIndia that the proposal has already been discussed with the chief minister who has promised to grant funds for the project.
"We are planning to construct a three storey building (G+2 structure) that will house a fish market on the ground floor, while offices and shops will be located on the upper floors. The chief minister has promised funds upto 25 cr for the project," Mr Naik told the newspaper, adding that the project was still at a conceptual stage.
"The chief minister has promised to have a meeting with me and the fisheries minister over the proposed project, soon," he said.
Mr Naik said that the proposal of the department of fisheries to reconstruct the market was turned down, as the SGPDA members felt that handing over the land to the fisheries department would not be in the best interests of the authority.
"The SGPDA owns 10,000 sq m of prime land. Besides, as it lies in C2 zone, the permissible floor area ratio (FAR) is high. As the SGPDA is a cash-starved body, the project of this kind would help us shore up the finances of the SGPDA (as the project would generate handsome revenue by way of rents from shops and offices)," Mr Naik said.