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KPT to set up food courts
KARACHI, April 2: The Karachi Port Trust will set
up food courts on the Napier Mole Bridge (old
Nati-Jati Bridge) and under the Jinnah Flyover for
recreation purposes.
The Board of Trustees of the KPT in its meeting
held on March 8 gave this consent for the
establishment of food courts by a private sector
company. However, the contract for setting up of
food courts, which is on the basis of built,
operate and transfer (BOT), is presently awaiting
government approval.
The food court will be a unique project, which
will provide to Karachiites a much need recreation
spot. The location will offer panoramic view of
the Karachi Port and during summer a cool sea
breeze will be a bonus to the visitors.
Apart from offering a new recreational
opportunity, the project will also provide world
class facilities for ethnic and international
foods. The project consists of 25,000 sq ft retail
and restaurant court, public viewing stands and
souvenir shops.
It will also include an arena style redevelopment
under the Jinnah Flyover for recreation purposes.
The abandoned Napier Mole Bridge has been selected
as the main food court to give panoramic view to
the visitors and enjoy sea breeze for which the
Karachiites throng the sea side in front of Sea
View apartments every summer.
According to the plans, the KPT had allocated
around 25,000 sq ft for retail food courts and
200,000 sq ft for pavement and hard-standing area.
There will be arena and fountain for giving
soothing atmosphere to the visitors.
Besides, there will be soft and hard landscaping,
including car parking area sufficient for at least
500 vehicles. Area adjacent to PNSC building
linking with Napier Mole bridge will also be used
for landscaping.
The KPT board has accepted the offer by Grand
Leisure Corporation (GLC) for the establishment of
food court on BOT basis for 20 years on a "Royalty
Payment" amounting to Rs350.4 million. However,
the board inter alia has directed that it should
be ensured that a clause to this effect be
incorporated in the agreement to be entered into
between the KPT and GLC to safeguard the interest
of the KPT.
As per the agreement the successful applicant will
have to invest a minimum amount of Rs100 million
and equity investment will be 40 per cent minimum.
Once the government sanction is obtained the
project will be completed and facilities will be
opened for commercial operations to the general
public within six months from the date of
effectiveness of the implementation agreement.
The GLC will be allowed full freedom to plan and
run the activities of the food court. However, the
KPT will have the right to monitor the activities.
Nevertheless, at the end of the concession period
the facility will be transferred back to the KPT
in a properly maintained and operational
condition.
Daily Times |
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Pakissan.com; Advisory Point
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