chennai the state government has decided to put its second biotechnology park on fast track and provide four lakh sqft of commercial space for biotech nanotech bioinformatics pharmaceutical and rd labson thursday deputy chief minister mk stalin cleared the model for ticel tidco centre for life sciences phase ii to be built at a cost of rs 120 crore in taramani off the it expressway by the end of 2011the new building adhering to biosafety level 3 bsl3 lab norms with three basements and 13 upper floors has been designed by taamaesek engineering consortium the architect has completed soil investigation contour survey and environmental studies said officials the civil work will start in two months time after floating a global tender said a senior official in the industry departmentthe ticel bio park i a technical collaboration with cornell university us became operational in 2004 and is now fully occupied with a dozen clients including huclin research ltd bioanalysis and clinical research vistakon of johnson johnson pharma rd sgs india life sciences hll lifecare ltd development of human vaccines a large chunk in ticel ii is also tied up said a senior officialwhile ticel i was built to bsl2 safety standards the second phase will conform to bsl3 norms with improved exhaust cooling and other advanced technologies officials say the basement would be devoted to parking catering and other essential services for the biopark as for the financial pattern tidel park and tidco propose to invest additional equity of rs 40 crore and rs 20 crore respectively for the expansion project besides rs 20 crore equity capital by software technology park of india stpi term loan of rs 40 crore has also been proposed officials said like tidel and ticel i the four lakh sqft commercial space in ticel ii would be either rented or leased officials addin other projects in the same complex the centres department of biotechnology has sanctioned rs 14 crore for establishment of a bioresource centre with facilities for fermentation microbiology molecular biology and tissue culture the centre will provide technical incubation and mentoring support to clients said tidco officialsthe state government has approached the union it and communications ministry for rs 37 crore to establish a bioit park with a centre for computational biology the state higher education centre has sanctioned rs one crore to establish a higher studies and research centre mainly to provide training to the biotech industry in collaboration with anna madras and agricultural universities officials said arvindkumar4timesgroupcom