central market: Mscl will soon launch the central market project in the city | Mangaluru News

Mangaluru: The long-awaited new Central Market project, which has been put on hold due to a High Court stay, is set to start soon. Mangaluru Smart City Limited (MSCL) will undertake the Central Market and Fish Market Redevelopment Project on a Design, Build, Finance, Operate and Transfer (DBFOT) basis, in Public-Private Partnership (PPP) mode. The Mangaluru City Corporation (MCC) has already demolished the 60-year-old central market building to facilitate the construction of a new one.
Managing Director of Mangaluru Smart City Limited (MSCL), Arun Prabha told TOI that the bidding process has been completed and a contractor based in the city will carry out the project. “The legal stay for the project has been lifted, and we have already demolished the old central market structure and finalized a Mangaluru-based concessionaire to redevelop the central market based on DBFOT. The project will be completed at an approximate cost of Rs 114 crore,” he said.
“MSCL has informed the dealer that the municipal corporation requires 1,50,000 square feet in the building, for the corporation’s market area. In the five-story building, a basement parking lot and a market area will be built for the municipality,” he said. The central market redevelopment proposal was approved by the MCC board in June 2016. Later, a meeting of the MCC board chaired by then-mayor Diwakar decided in December 2020 to construct a new building in the central market through the MSCL. The PWD and a consultant had certified that the old central market building was not suitable for occupancy.
The district administration had banned activities at the central market to maintain social distancing during the first wave of the pandemic in 2020. Following this, the MCC had ordered all traders in the central market to move their activity to the construction site. APMC of Baikampady.
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