Tidel Park Pays Rs 12.8 Crore for Trichy Land Prep

09 Jan 2025 CW Team

Tidel Park Limited, a state-owned joint venture of the Tamil Nadu Industrial Development Corporation (TIDCO) and the Electronic Corporation of Tamil Nadu (ELCOT), has paid Rs 128 million to the Trichy Corporation for preliminary construction work on the upcoming Tidel Park in Panjapur. This payment aims to shift two underground drainage (UGD) pipelines that run through the identified site.

The 14.1-acre land allocated for the park, located along the Trichy-Madurai NH near the integrated bus terminus, will house the IT office space in two phases. Construction for Phase I, valued at Rs 4.15 billion, is set to begin by the end of January 2025. The first phase will feature a built-up area of 5.5 lakh square feet, with six floors.

In preparation for the development, Tidel has arranged for the relocation of 1,730 meters of sewage pipelines, ensuring that the site is clear for the commencement of construction. This is expected to take around 18 months, with the park potentially generating employment for over 5,000 people.

The existing sewage treatment plant (STP) and anaerobic ponds near the site are planned for dismantling by 2026, coinciding with the commissioning of the park. Meanwhile, a new 100 MLD modern STP is under construction at Panjapur, ensuring a comprehensive waste management solution for the growing infrastructure.

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