Goa''s first multiplex that hosts IFFI to be upgraded

    Panaji, Feb 21 (PTI) Goa's first-ever multiplex, built
in 2004 to host the International Film Festival of India, will
be upgraded to world standards by the Entertainment Society of
India, the work of which is expected to begin next month, ESG
Vice Chairman Subhash Faldesai said on Friday.
    The four-screen facility is leased out to INOX Leisure
Limited, and as per the Build-Own-Transfer (BOT) agreement,
the firm will upgrade the facility and operate it for 12
years, Faldesai said, adding that INOX had deposited Rs 4
crore with the government.
    After completion of the new structure, INOX will pay
Rs 54 lakh per month to ESG as against the Rs 20 lakh per
month paid till now, and there will be a five per cent year-
on-year rise in monthly charges to be paid by INOX, he said.
    The multiplex was constructed in 2004 under the chief
ministership of late Manohar Parrikar to host the first IFFI
after demolishing the old Goa Medical College.
    Shah Rukh Khan-starrer 'Veer Zaara' was the first film
screened at the multiplex at the time. PTI RPS
BNM BNM

(This story has not been edited by THE WEEK and is auto-generated from PTI)