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 sustainable water front city in Gujarat, based on this model. We will be replicating our successful Lavasa business model that has already established a large network of business partners," Gulabchand said.
According to the company, the actual construction would begin after various regulatory approvals like detailed project report, environmental impact assessment (EIA) study and development of the master plan of the region.
Incidentally, at Lavasa the company has already forged tie-ups with international and domestic institutions like ITC Hotels and Accor in the field of hospitality, Oxford University, Girls' Day School Trust (UK), Ecole hotelier de Lausanne (Switzerland), Symbiosis (Pune) and Christ University (Bangalore) in education and Apollo Hospitals in health and wellness.
Source:The Times of India
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 sustainable water front city in Gujarat, based on this model. We will be replicating our successful Lavasa business model that has already established a large network of business partners," Gulabchand said.
According to the company, the actual construction would begin after various regulatory approvals like detailed project report, environmental impact assessment (EIA) study and development of the master plan of the region.
Incidentally, at Lavasa the company has already forged tie-ups with international and domestic institutions like ITC Hotels and Accor in the field of hospitality, Oxford University, Girls' Day School Trust (UK), Ecole hotelier de Lausanne (Switzerland), Symbiosis (Pune) and Christ University (Bangalore) in education and Apollo Hospitals in health and wellness.
Source:The Times of India
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