MUMBAI: Infrastructure development contracts worth Rs. 1,400 crore are up for grabs at the upcoming Delhi Mumbai Industrial Corridor industrial township project in Maharashtra.
Aurangabad Industrial Township Ltd (AITL) has kick-started development work at the upcoming Bidkin industrial zone near Aurangabad. The contracts to build infrastructure such as roads, bridges and telecommunications will be awarded in 15 days, a Senior Government Official said.
“We are at an advanced stage of awarding the contracts,” said Gajanan Patil, Joint Managing Director, AITL. “We want the first phase of the Bidkin part of the project to be completed by 2020.”
AITL, a special purpose vehicle set up by Maharashtra Industrial Development Corporation and Delhi Mumbai Industrial Corridor Development Corporation is developing two industrial zones at Shendra and Bidkin near Aurangabad to attract investments worth $11 billion.
The two locations are being developed as one industrial smart city called ‘AURIC’. Infrastructure development at Shendra has picked up and infrastructure work is scheduled to end by 2018.
The total project cost of AURIC is estimated at Rs. 11,000 crore. Of this, Rs. 3,000 crore will be spent on land acquisition. The remaining Rs. 8,000 crore is being invested in developing infrastructure.