Around 82 percent infrastructure development process including water supply, drainage facility and road network have so far been completed in Sundar Industrial Estate (SIE) costing Rs 09 billion.
Chairman Sundar Industrial Estate Mohsin Syed Wednesday said Rs 1.1 billion contract was awarded to a private company for the construction of roads and drainage, a private TV channel reported.
The SIE will have spacious roads capable of bearing the loads of heavy trucks, an underground electricity supply, sewerage system, mobile phone and landline facilities, Suigas facilities, hospital, motel and restaurant, industrial waste treatment, stores for waste material, transport and police stations, he said.
SIE will create around 10,000 jobs. A labour colony would also be built within radius of three kilometres of the estate. When completed, an investment of Rs 3 billion is expected in the estate. The majority of investors are from the textile, engineering and pharmaceutical sectors.
As many as 86 entrepreneurs have finalised their building plans. Fifty-five were constructing their buildings after getting approval of their building plans. They set to initiate construction work by the end of this month. Bank of Punjab has so far issued a credit of Rs 300 million.
The Punjab Industrial Estate Board of Management has finalised the award of contract for an independent 225 MW power plant for Sundar Industrial Estate. It would start producing electricity in next twenty months.
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