Mega city to come up in Ahmedabad

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Jacob

14 June, 2011

Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) has purchased 75,000 acres of land in Dholera, Ahmedabad, for this mega city project.

DELHI-MUMBAI Industrial Corridor Development Corporation (DMICDC) plans to develop a mega city in Dholera, 110 km from Ahmedabad, which is part of a bigger urban development project that will cover six cities. The corporation has acquired 75,000 acres of land in Dholera for the project. Dholera city (covering 360 sq km) is going to be even bigger than the Navi Mumbai mega city, which covers 345 sq km and is considered as the largest new town in the world.

Overall, the corporation has acquired 80,000 acres of land for the entire USD 90 billion venture that will cover Delhi, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan and Gujarat. The project mainly focuses on development of industrial and commercial infrastructure, as well as new cities along the Delhi-Mumbai dedicated freight corridor.

The project was announced by Amitabh Kant, Managing Director of DMICDC, at a Ficci function in New Delhi on Monday. He noted that the corporation is currently looking for foreign investment in the project, adding that global investment is best suited because this will keep off issues like land acquisition and environment clearances, according to rediff.com. The project is being co-financed by the centre, which will offer money both in form of debt and equity. DMICDC has also completed the master plans for development of new cities in Haryana and UP. A similar urban development plan will also be implemented in 17 other cities in the country in the near future.