Tatas, WB Govt sign pact
The Hindu — November 11, 2007

Two Tata companies, Jusco and Voltas have entered into a memorandum of understanding with the West Bengal Government for implementing a project entailing development and maintenance of a water supply project in the city's IT hub at Salt Lake. A company release said that the build-own-transfer (BOT) project was a unique model of public-private partnership and the first such initiative for development and for 30-year maintenance of a water and sewage infrastructure.

Jusco, the company formed by Tata Steel for infrastructure maintenance in the steel city of Jamshedpur, had tied up with sister concern Voltas for bidding for the project which it won at an estimated value of Rs59 crore excluding land cost.

The release said that 35 per cent of the project cost would be funded by the Centre under the Jawaharlal Nehru National Urban Renewal and Maintenance (JNNURM) fund. The plan provides for underground network of water supply and sewerage facilities.

Spanning 300 acres, Sector V of Salt Lake, on the eastern fringes of the city, is a prime destination for information technology and IT-enabled industries.