SRINAGAR: Jammu & Kashmir Tourism Development Corporation (JKTDC) has announced its intention to outsource the development, finance, operation, and maintenance of the Centaur Lake View Hotel in Srinagar.
The project, estimated at Rs 212.50 Crores, is set to be carried out through a Public Private Partnership on a Design, Built, Finance, Operate & Transfer (DBFOT) basis.
The international competitive bidding process has been initiated, and the Request for Proposals is open to reputed national or international entities. The selected bidder will be responsible for the hotel’s development and operation for a concession period of 60 years, which includes the construction period.
To facilitate a transparent selection process, JKTDC has adopted an online single-stage three-part e-forward auction accessible at htts://ute.jktenders.gov.in.
Bid documents can be obtained from www.jktenders.gov.in. Interested parties are required to make a payment of Rs 5 Lakhs plus applicable GST as a bid processing fee before submitting their bids.
For any clarifications or additional information, potential bidders can contact the office of JKIDC.
