DMIC update

The government has approved Rs.4,318.28 crore to construct roads and basic amenities at two industrial regions in Gujarat and Maharashtra under the Delhi-Mumbai Industrial Corridor (DMIC) project.
The Cabinet committee, chaired by Narendra Modi, approved the construction of trunk infrastructure components of phase 1 of the Dholera Special Investment Region (DSIR) in Gujarat and phase 1 of the Shendra Bidkin Industrial Area (SBIA) in Maharashtra under the DMIC project.
These projects are likely to be completed in three to four years. The total cost of the DSIR project is estimated to be about Rs.2,784.83 crore, which will be invested by DMIC Trust as equity in the citynode SPV , an official statement said. For this region, the trunk infrastructure components are roads and services, ABCD building complex, water and sewage treatment plant and common effluent treatment plant. The total cost of the SBIA project is Rs.1,533.45 crore.
According to the statement for the DSIR project, as per the institutional and financial structure approved by the government, the land for the project will be contributed by the state government as their equity .“The contribution of DMIC Trust by way of equity and debt will be made in form of cash sub ect to a ceiling of Rs.3,000 crore,“ t added. The value of land brought by the state government would be the equity contribution of the state government.