CIDCO bags award for APMC projects | india | Hindustan Times
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CIDCO bags award for APMC projects

CIDCO has bagged the Prime Minister's National Award for 'Excellence in Urban Planning and Design'.

india Updated: Feb 07, 2006 15:48 IST

City and Industrial Development Corpration of Maharashtra Ltd (CIDCO) has bagged the Prime Minister's National Award for 'Excellence in Urban Planning and Design' for its agricultural produce market complex (APMC) project, at Vashi in Navi Mumbai.

The award was presented to the company, fully owned by the government of Maharashtra, by Union Minister for Urban Development Jaipal Reddy, CIDCO said here.

The APMC, an organised wholesale market spread over 150 ha and built with an investment of around Rs 100 crore, is equipped with infrastructure and facilities at various levels and for various groups which comprises administrative offices, banking complexes, broker complexes and auction halls for those who could not afford a shop.

Besides, the other provisions in APMC are truck terminal of 8.52 ha, dedicated 110 KV sub station, 24 hour water supply, the company said in a statement.

With coming up of this market complex, that offers one lakh jobs, the cost per hour to a truck operator has reduced to Rs 7.9 from Rs 24 while the average unloading time too has come down to 20 minutes against 172 minutes, it said.

The volume of the business has incresed fourfold to nearly 2 lakh quintals from 50,000 quintals and the annual turnover of the complex has been pegged at Rs 6,000 crore, it said.