Goemkapronn desk
PANAJI: Nearly two months after the inauguration of second phase of Zuari bridge, it is now revealed that the Dilip Buildcon will build the observatory towers on the bridge.
Dilip Buildcon will construct observatory towers and viewing galleries including approaches, decorative lighting, parking for New Zuari Bridge on Panjim- Mangalore section in Goa, sources told Moneycontrol.com.
The total cost of the project is Rs 270.07 crore, the company told exchanges.
The towers are envisioned as a captivating tourist attraction, with the concessioner generating revenue through visitor fees to cover the construction costs. The design of the towers and observatory will be finalized once the contractor is appointed, aiming to create a unique landmark surpassing even the Eiffel Tower’s allure.
The bridge pylons have already been constructed in a manner that supports the installation of the towers. Additionally, plans include creating parking space beneath the bridge on the northern banks of Agassaim, where the offices of bridge construction contractor Dilip Buildcon currently reside. Visitors will access the base of the towers via a walkway from the parking area and ascend to the observatory through high-speed lifts. The towers will also house a gallery showcasing Goa’s history and heritage, along with a restaurant or café.
Each tower is anticipated to accommodate around 500 tourists at a time, standing approximately 110 meters high from the water level. This project aims to enhance Goa’s tourism offerings and provide visitors with a unique and memorable experience.
In Q3FY24, Dilip Buildcon reported a 3.2 percent year-on-year (YoY) decline in net profit at Rs 107.4 crore. Revenue grew 23.9 percent to Rs 2,876.8 crore against Rs 2,322.4 crore in the previous fiscal. The EBITDA grew to Rs 377 crore in Q3FY24, over Rs 157.2 crore in the corresponding period.
Shares of Dilip Buildcon gained nearly 2 percent at the open on February 23 after the infra company executed a concession agreement with the Public Works Department in Goa.
Dilip Buildcon is a Bhopal-based infrastructure and construction company.
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