Posts Tagged ‘Gandhinagar’

It’s a world of give and take. The Gujarat Cabinet has decided to transfer 662 acres of prime land across the Sabarmati in Gandhinagar district to GIFT City (Gujarat International Finance Tec City). On the other hand, it is supposed that GIFT City alone will attract investment proposals, in the form of MoUs, for Rs 50,000 crore, which is one-fourth of all MoUs in the urban sector for the Vibrant Gujarat summit.


GIFT City is an ambitious project of Gujarat State Government. The plan was unveiled at the Global Summit of Vibrant Gujarat held in Ahmedabad in 2009. Its main purpose is to provide high quality physical infrastructure (electricity, water, gas, district cooling, roads, telecoms and broadband), so that finance and tech firms can relocate their operations in Gujarat. It is eagerly awaited with facilities like a special economic zone (SEZ), international education zone, integrated townships, an entertainment zone, hotels, a convention center, an international techno park, Software Technology Parks of India (STPI) units, shopping malls, stock exchanges and service units. GIFT City is a joint venture between Infrastructure Lease & Finance Services (IL&FS) and state-run Gujarat Urban Development Company (GUDC). The company plans to develop and create finance, implement all infrastructures in and around GIFT City on a world class turnkey basis to ensure that all conceivable services in relation to connectivity, technology, communication, security, services for quality of life etc. are established and sustained.

The City would serve as back bone for all financial companies of India and that of the world having business in India. GIFT City is bound to turn Gujarat into a high-tech financial hub.


The Gujarat Cabinet has approved 662 acres of land in order to kick-start this financial project. The approval came as the IL&FS has promised to start with the construction by March 2011. It is ready with its design to build four towers, each 35 storey high, creating floor space of 5 million square feet. It has even got environmental and Airport Authority of India (AAI) clearances, necessary to build the towers.


The current price of the land allotted to the GIFT City is at least Rs 10,000 per sq meter. The agreement for construction will be signed at the Vibrant Gujarat Summit this year, under which IL&FS will be constructing the towers for nearly Rs 2,000 crore

The dreams are soaring high. Chief Minister Narendra Modi has declared his wish that GIFT City should compete with Asian financial hubs like Hong Kong and Dubai. The complex is believed to employ 50,000 persons. GIFT proposals include creation of housing colonies for nearly 20,000 persons in the vicinity.

The development of the GIFT City offers a significant opportunity to be a test-bed to drive reforms and innovation in various fields including delivery systems, local Government, physical planning, infrastructure development, environmental protection and so on. Getting these foundation principles right is crucial to plan and execute the development strategies. Gujarat has taken the step forward and the journey has begun.

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The project that was put on back foot due to the priority given to Bus Rapid Transit System (BRTS) has now gained momentum. The go-getting Ahemdabad Metro Project will be on the fast track as the first phase is believed to start from the next year. However, it will take 2-3 years for the line to get operational.

It all started when Ahmedabad had proposed to build five metro corridors spread over 219 km. The Gujarat Infrastructure Development Board (GIDB) had prepared a DPR (Detailed Project Report) to identify the solutions for the Urban Transport problems in the city. The project report was initiated by GIDB through Rail India Technical and Economic Services (RITES) & DMRC (Delhi Metro Rail Corporation Ltd.) in 2003. It was submitted in June, 2005 with cost estimates worked out to be Rs 4,925 crore (Rs 49.25 billion). But, it was decided not to go ahead with Metro Rail project to give priority to the BRTS and Regional Rail System Projects.

Ahemdabad was developing at a fast pace, but it lacked a credible public transport system in the beginning of 2001, when local city bus service was in awful straits. Following this, the BRTS project was implemented that got thumbs up from the public. Further, considering the developments in and around the city, it was decided to go ahead with the Metro Rail Project in 2008.

The state government plans to set up a Rs. 200 crore company for the execution of the project. The company is likely to be named the MetroLink Express for Gandhinagar and Ahmedabad (MEGA). “A company has been set up for undertaking the metro project, MetroLink Express Ahmedabad Gandhinagar and a newly appointed Managing Director would join later this month. Work on the first phase of the project would start in the middle of 2011,” said GIDB Chief Executive Officer, A K Sharma.

The 1100 crore first phase of the metro rail project will cover a distance of 32.65 km in the north-south direction between Gandhinagar and Ahmedabad and 10.90 km east-west corridor between Kalupur and Thaltej. Also, in Phase I, the state government has planned to connect the airport and the Gift city with the metro rail network. The details of the second phase are not worked out yet, but it is believed to connect Ahmedabad with Dholera, the site of a Special Investment Region. This will add another 125 km to the north-south line. Ahmedabad has already got the BRTS, and with the Metro Rail on the anvil, the mass transport system will surely get a further boost.

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