Tender process for DMIC Project in Shendre-Bidkin expected soon

The bids will be for Phase I of the project, which will be spread over 4,000 hectares

Sanjay Jog Mumbai
Last Updated : Jun 03 2015 | 10:40 AM IST
The Aurangabad Industrial Township Limited (AITL), a special purpose vehicle formed by the Delhi Mumbai Industrial Corridor Corporation and the Maharashtra government, will invite tenders for multiple public works soon. These will include the development of road and utility services, rail over bridges (RoBs), sewage treatment plant (STP), common effluent treatment plant (CETP) and solid waste management (SWM) in the proposed Shendre-Bidkin industrial area (SBIA) in Maharashtra.

The move follows an approval given last week by the Cabinet Committee on Economic Affairs for the construction of trunk infrastructure components and landscaping for Phase-1 of SBIA spread over 8.39 sq km. The project is estimated to cost about Rs 1533.45 crore, to be invested by DMIC Trust as equity in the city/node SPV. The development, which will commence in FY 2015-16, is likely to be completed by FY 2017-18.

''Bids will be soon floated for infrastructure development in the SBIA,” Maharashtra industries minister Subhash Desai told Business Standard, adding that a joint chief executive office has been appointed in Maharashtra Industrial Development Corporation (MIDC) to expedite the project.

“The government is committed to build a state of the art infrastructure in SBIA and project it as a role model,” he said.

Desai said the project-affected persons (PAPs) will be provided 15% developed land over and above the official compensation.

A government official said the SBIA will be spread over a total of 10,081.77 hectare, of which MIDC has already acquired 3,200 hectare. Another 800 hectare is expected to be acquired in the next two to three months. A 4,000 hectare is needed for Phase I.

''The rate fixed for this acquisition was Rs 56.81 lakh per hectare (23 lakh per acre) in October 2013, which was fixed after several rounds of  negotiations held by the Aurangabad district collector with the landholders. The base rate was fixed taking into account the prevailing market rates of 2013. Compensation has already been paid to PAPs,'' the official said.


*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 03 2015 | 10:37 AM IST

Next Story