HI-TECH CYCLE VALLEY PROJECT: MD PSIEC REVIEWS THE DEVELOPMENT WORK

-CONSTRUCTION WORK OF 100 FEET WIDE APPROACH ROAD TO START SOON-RAJAT AGARWAL
-CYCLE VALLEY TO HAVE CONVENTION CUM EXHIBITION CENTRE, TRANSPORT HUB & WAREHOUSING FACILITY, SKILL DEVELOPMENT CENTRE BESIDES OTHERS: DEPUTY COMMISSIONER

Ludhiana, December 1, 2018: Construction work of Hi-Tech Cycle Valley project would be starting soon. The Change of Land Use (CLU) for this much awaited project has already been approved by the Department of Housing & Urban Development Punjab, besides the Social Impact Assessment (SIA) has also been completed by the Department of Economics & Sociology PAU, Ludhiana. The Punjab Small Industries and Export Corporation (PSIEC) is in the process of developing world class State of Art Hi-Tech Cycle Valley in an area of 380 acres at Village Dhanansu of the district. To expedite the ground level initial formalities, Managing Director PSIEC Mr. Rajat Agarwal reviewed the development work of project today. Deputy Commissioner Mr. Pradeep Kumar Agrawal, Sub Divisional Magistrate Ludhiana (East) Mr. Amarjeet Singh Bains, District Development and Panchayat Officer Mr. Roop Singh were also present on the occasion.

Mr. Rajat Agarwal said that 100 ft wide approach road would be constructed from Ludhiana-Chandigarh road till project site. The construction work of this road would start soon. The project would involve estimated expenditure of about Rs. 500 crores which includes Rs. 120 crores as cost of land.

While giving more details, Deputy Commissioner Mr Pradeep Kumar Agrawal said that the 380 Acres of Panchayat land has already been procured at a cost of 120 crores. This cycle valley would have one of the best infrastructure, including Internal Concrete Roads, Water Supply Network based on both tube wells and canal based supply system including water treatment plant and Automation system, Common Effluent Treatment Plant & Solid Waste Management, Storm water Drainage and Sewerage System, Rain Water Harvesting System, Electrical Sub Station, Providing HT/LD, Networking including Automation system, High Mast lighting, Cable TV, CCTV, Telecom system compatible with PSPCL/BSNL requirements etc.

The Hi-Tech Cycle Valley project would have Convention cum Exhibition Centre, Transport Hub and Warehousing facility, Banking, Commercial and Health Services, School, Crèche, Rest Area for women workers, Police post, Canteen/Restaurant, Bus Stand, Dormitory for labour and drivers, Skill Development Centre etc.

The Deputy Commissioner further stated that the area development is likely to be taken in hand during February 2019 and basic Infrastructure amenities shall be provided by December 31, 2020, whereas other amenities such as Fire Station, Convention Centre, Exhibition & Auditorium etc are planned to be completed by June, 2021.