Gujarat signs a ₹1 lakh crore financing agreement with HUDCO to support urban infrastructure projects, according to reporting from Swarajya and Business Line. The pact is described as providing funding for a range of initiatives including metro rail expansion in Ahmedabad and development tied to the Dholera greenfield smart city project. Both sources say the metro component includes Ahmedabad Metro Rail Phases 2 and 3. The agreement also covers expressway development and other urban infrastructure works. Business Line further adds that the scope includes sports infrastructure alongside transport and urban development. The announcements frame the funding as enabling project implementation across multiple sectors rather than a single project line, with the total financing support set at ₹1 lakh crore. Details on disbursement schedules, interest terms, and timelines are not provided in the excerpts shared. Overall, the sources present the agreement as a large-scale state–lender arrangement aimed at expanding transport connectivity and supporting broader city and infrastructure development in Gujarat.
Gujarat signs ₹1 lakh crore funding pact with HUDCO for metro, expressways and urban projects
Gujarat signs a ₹1 lakh crore financing agreement with HUDCO to support urban infrastructure projects, according to reporting from Swarajya and Business Line. The pact is described as providing fundin...
- Gujarat signs a financing pact worth ₹1 lakh crore with HUDCO.
- The funding is intended to support Ahmedabad Metro Rail Phases 2 and 3.
- The agreement includes support for expressway development.
- The pact also backs development work linked to the Dholera greenfield smart city.
- Reporting also mentions inclusion of sports infrastructure among the covered projects.
The funding is expected to support a range of projects including Ahmedabad Metro Rail Phases 2 and 3, expressways, sports infrastructure and the development of Dholera as a greenfield smart city
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