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Government updates on progress of Chennai-Bengaluru Industrial Corridor

Infra News - Published on Wed, 03 Jan 2018

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The Minister of State for Commerce and Industry, Mr CR Chaudhary, gave this information in the Rajya Sabha, said a release the institutional and financial structure for various industrial corridor projects in the country, including the Chennai-Bengaluru Industrial Corridor (CBIC) project, was approved by the Union Cabinet in December 2016. The government is taking forward the development of the CBIC project in coordination with the concerned state governments. The process relating to detailed master planning and preliminary engineering has been initiated for the Krishnapatnam node identified in the state of Andhra Pradesh.

The process for selection of consultants for detailed master planning and preliminary engineering for Tumkur node in Karnataka and Ponneri node in Tamil Nadu has been initiated. Activities for formation of SPV for Krishnapatnam node have also been initiated. SPVs for Tumkur and Ponneri nodes will be incorporated after the land is made available by the concerned states and execution of Shareholder’s Agreement and State Support Agreement by them.

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Posted By : Nanda Koijam on Wed, 03 Jan 2018
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