TIDEL Park Limited has released a tender for the construction of an IT park at Mattuthavani in Madurai on Wednesday.
According to the tender, the project will include a ground floor, 12 additional floors and a terrace, along with civil construction, interior finishing work, and other allied development tasks.
The deadline for the online submission of tender documents is September 7, 2024.
In a significant development for the proposed TIDEL park in Madurai, the Madurai Corporation Council passed a resolution on June 28 to lease 5.6 acres of land to TIDEL Park Ltd for a period of 45 years. The lease facilitates the construction of the Rs 600crore TIDEL park, which was announced by the state government in the 2022 budget.
The district administration and the Madurai Corporation have jointly set the land price at Rs 89 crore. According to the lease agreement, 50% of this amount will be paid as lease rent over a 45-year period.
The TIDEL park project announced by chief minister M K Stalin aims at transforming Madurai into a technology hub. The project is expected to generate 10,000 jobs, significantly boosting the local economy.
MP Su Venkatesan expressed his gratitude on X on Wednesday. He thanked the state government and Stalin for their efforts in establishing the TIDEL park in Madurai.
