Telegraph reports the information on this given by the Science and Technology minister in the assembly. Following are some excerpts:

… Science and technology minister Sanjeev Sahoo today told the Assembly that the proposed Biotech-Pharma-IT park would be developed in an area of approximately 260 acre in two phases on a public-private partnership mode.

In the first phase, a park would be constructed over 63acre of land in Andharua Mouza on the outskirts of Bhubaneswar. The Biotech park at Andharua will have a BT corridor, an IT corridor and a commercial infrastructure. A biotech incubator would be set up there over 10 acre, he added.

Sahoo said the companies, which have expressed their interest for participating in the global bid process, are Akruti Nirman Ltd, Ambience Developers and Infrastructure Pvt Ltd, Bharat Biotech International Ltd, Bhubaneswar Entertainment World Developers Pvt Ltd, Eldeco Infrastructure and Properties Ltd, Ramkay Infrastructure Ltd, TCG Urban Infrastructure Holding Ltd and Unitech Ltd.

The private partner would play the role of the lead developer and would be responsible of the plan, design, construct, finance, market and operate the proposed park.

Once a private partner is selected, a Special Purpose Vehicle(SPV) company in the form of a Joint Venture between the private partner and the State government will be created for the development and maintenance of the Park, Sahoo said.

For the biotech park at Andharua, IDCO has been given Rs 2 crore for construction of wall, land development, digging of borewells and setting up transformers.

The state-of-the-art Biotech Pharma-IT park will have modular R&D labs, a biotech incubator, and administration support infrastructure. The Park will stimulate and manage the knowledge flow and create linkages between universities, R&D institutions, companies and markets.

(Thanks to Deba Nayak for the pointer to this report.)