Nellore: The stage is set for calling EPC (Engineering, Procurement and Construction) bids for first phase works of Krishnapatnam Node under Chennai Bangalore Industrial Corridor at an estimated cost of Rs1200 crore.
The Industrial Corridor Programme of the central government is aimed at creation of greenfield industrial cities with sustainable, ‘plug-n-play’, ICT enabled utilities to facilitate investments into the manufacturing sector by providing quality, reliable, sustainable and resilient infrastructure to industries.
The government has formed a special purpose vehicle (SPV) – the NIKDIT Krishnapatnam Industrial City Development Ltd (NKICDL) between DMIDC (Delhi Mumbai Industrial Development Corporation) and APIIC (AP Industrial Infrastructure Development Corporation) to establish, promote and facilitate development of Krishnapatnam Industrial Node under CBIC.
The modalities for EPC bids were decided at the first meeting of the governing body of the SPV a few…