The union government has approved the Rs 68.8 billion trunk infrastructure development plan for the Shendra-Bidkin industrial area under the proposed Delhi Mumbai Industrial Corridor (DMIC). The key trunk infrastructure includes water treatment plants (WTPs) with a total allocation of Rs 5.48 billion and stormwater drainage system with an investment of Rs 4.93 billion, among others. Of the total project cost, the DMIC Trust will provide Rs 30 billion (44 per cent) and the balance will be raised by Aurangabad Industrial Township Limited, the special purpose vehicle which is developing the industrial area, by selling land parcels. The proposed industrial area will developed over a land area of 8,000 acres. The first phase of the project (2,700 acres) is expected to be completed by September 2019. Tenders for the second phase will be floated by mid-2018 and the phase will be developed by 2021. The tenders for the third phase will be issued in 2019 and the entire project is envisioned to be completed by 2022.
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