HCC set to build Rs 40,000 crore waterfront city
Ahmedabad: After Lavasa hill city near Pune, construction and infrastructure major Hindustan Construction Company (HCC) is cementing plans to built a waterfront city at Dholera with an investment of Rs 40,000 crore. The company has already inked an MoU with Gujarat Infrastructure Development Board to develop the city over 4000 acres in Dholera Special Investment Region (SIR) located at the Gulf of Cambay about 129 km from Ahmedabad. Dholera is in the influence area of the Delhi-Mumbai Industrial Corridor (DMIC). HCC chairman and managing director Ajit Gulabchand, who also made an announcement to the effect at the Vibrant Gujarat Global Investors' Summit 2009, said that project would involve creation of a economically self-sustaining city with tourism, hospitality, leisure, education and research at its core and would have an employment generation potential of 50,000 jobs. "The concept of new urbanism is gaining momentum globally and we are happy to initiate this modern and sus