The Cabinet Committee on Economic Affairs (CCEA) recently cleared construction of trunk infrastructure for Phase II (Part I) of Shendra Bidkin Industrial Area (SBIA) namely the Bidkin region spread across 31.79 sq km (3,179.20 ha) at an estimated project cost of Rs. 6,414.21 crore. The committee also gave its green signal to an investment proposal worth Rs. 2,397.20 crore as equity of DMIC Trust in the City/ Node SPV in a phased manner.
Additionally, CCEA also allowed issuance of EPC tenders for selection of contractors for various packages of trunk infrastructure in a phased manner. In accordance with the institutional and financial structure approved by the Government of India for DMIC projects, the project will be implemented through Aurangabad Industrial Township Limited (AITL). It 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 crore in the company towards development of 8.39 sq km in Phase I of Part I of Shendra Bidkin Industrial Area.