MatexNet to conduct online auction for TNRDC's BOT project

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Mumbai, Oct 17 (UNI) MatexNet Pvt Ltd, a leading online B2B auction service provider, has received the mandate of providing e-auction platform for Tamil Nadu Road Development Company Limited's build- operate-transfer (BOT) project of constructing a world-class Amenity Center within the SIPCOT Information Technology Park at Siruseri near Chennai.

It is for the first time that a BOT project is being auctioned online in India. The initial process of auction will commence this week with the online bidding scheduled for December 7.

The auction will witness bids from reputed developers / firms / consortium having excellent track record for development of the amenity center with a lease for 30 years, which will consist of a star hotel along with one or more facilities such as service apartments, multiplexes, food courts, malls and hyper marts.

The bidder is forbidden from operating IT Park or constructing residential complex within the Amenity Center.

Speaking to reporters here today, TNRDC director K R Viswanathan said ''We are looking for bidders who are well-versed in development, operation and maintenance of three star hotels and with a capital investment of at least Rs 100 crore.'' ''We are glad that more and more companies are accepting the fact that online auctioning space can help them in better value realisation, reach more buyers and get maximum transparency in deals. MatexNet has been actively contributing to the revolution of e-commerce industry and has lots of interesting auctions in the fold with some being the first ever auctions to be conducted online,'' said Jaganni Vasan, Managing Director of MatexNet.

The Tamil Nadu government has planned to provide world-class facilities, including amenity centers, on either side of Rajiv Gandhi Salai (OMR) the IT corridor of Chennai. TNRDC will be implementing the first amenity center right on the IT corridor at SIPCOT Information Technology Park, Siruseri.

The amenity center shall consist of 3/4/5 star hotels, with one or more of the facilities like service apartments, multiplexes, food courts, malls and hyper marts.

UNI

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