BT park bid date extended to Dec 27

Written by Preeti Parashar | Chandigarh | Updated: Dec 19 2010, 04:50am hrs
The last date for submission of bids for the development of Himachals first BT park has been extended by states biotechnology department. Considering the demand of the shortlisted parties, the department has agreed to extend the date from December 3 to December 27 now.

A senior official told FE, The request for proposal (RFP) along with the concession agreement were issued to the six shortlisted parties earlier. They were asked to submit both the technical and financial bids till December 3. But upon their asking for extension during the pre-bid meet the date for submission of bids has been finalised as December 27.

Many big players from the real estate and biotechnology sector had submitted their expressions of interest (EoI) for developing the biotechnology park. However the last date for submitting the EoI was also extended from February 15 to March 18 earlier this year.

The BT park is proposed to come up at village Aduwal, near Solan over 35 acre. It is likely to catalyse an investment of around Rs 500 crore over a period of time.