Maharashtra gets Rs. 8,800-cr infra projects

The Union Cabinet in a recent move has approved the Development of Trunk Infrastructure Components as part of Phase-II Development of the Shendra Bidkin Industrial Area (SBIA) under Delhi-Mumbai Industrial Corridor (DMIC) project in Maharashtra. The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has given its approval to various infra projects including the construction of trunk infrastructure for Phase II of Part I of SBIA namely the Bidkin region spread across 31.79 sq.km (3,179.20 ha) at an estimated project cost of Rs. 6,414.21cr. Apart from this, an investment of Rs. 2,397.20-cr has also been cleared as equity of DMIC Trust in the City/ Node SPV and the issuance of EPC tenders for selection of contractors for various packages of trunk infrastructure in a phased manner. The project will be implemented through Aurangabad Industrial Township Limited (AITL), which is a Special Purpose Vehicle (SPV), constituted as Joint Venture between DMIC Project Implementation Trust Fund (DMIC Trust) and MIDC. DMIC Trust has already released its share of equity of Rs. 602.80-cr towards the development of 8.39 sq.km in Phase I of Part I of SBIA areas.