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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.
