Gandhinagar: The Government of Gujarat has inked an MoU with the Housing and Urban Development Corporation Limited (HUDCO) for long-term financing of Rs. 1 lakh crore for various infrastructure development projects across the state through a strategic partnership.

As a follow-up to the recent high-level meeting between Chief Secretary M.K. Das and senior HUDCO officials regarding the provision of adequate financial resources for infrastructure projects being implemented by various state government departments, HUDCO will extend long-term financing of Rs. 1 lakh crore to support these development initiatives across Gujarat.

The funding will be utilised for the implementation of key projects across the state, including Gujarat Metro Rail Phases 2 and 3, expressways, sports infrastructure, and the creation of world-class modern infrastructure in Dholera.

Additionally, the state government signed another MoU with the Indian Institute of Management (IIM), Ahmedabad.

Under this MoU, IIM Ahmedabad will undertake pre-feasibility studies, feasibility assessments, preparation of Detailed Project Reports (DPRs), and impact evaluations for various projects envisioned under the Viksit Gujarat 2047 initiative to facilitate their effective implementation.

Chief Minister Bhupendra Patel, who was present at the MoU signing ceremony, expressed confidence that the partnership would provide fresh impetus to infrastructure development, urban transformation and inclusive economic growth across the state.

The MoU between the state government and HUDCO was signed and exchanged by HUDCO Chairman and Managing Director Shri Sanjay Kulshrestha on behalf of HUDCO and Shri Sandeep Kumar, Secretary (Economic Affairs), Finance Department, on behalf of the Government of Gujarat.

The MoU with IIM Ahmedabad was signed by Prof. Sandip Chakrabarti, Chairperson, Public Systems Group, IIM Ahmedabad, representing the institute. DeshGujarat