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MoUs worth Rs two lakh crore signed in Guj Summit

MoUs worth Rs two lakh crore signed in Guj Summit
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First Published: Sun, Feb 18 2007. 07 38 AM IST
Updated: Sun, Feb 18 2007. 07 38 AM IST
By PTI
Ahmedabad: In order to develop world-class infrastructure across all urban centres of Gujarat, the state government today signed MoUs worth over Rs two lakh crore during the concluding day of the two-day ‘Vibrant Gujarat: Urban Summit-2007’ here.
The state government has signed a total of 312 Memorandum of Understanding (MoUs) with different firms, including real-estate developers, to improve infrastructure, civic amenities and build modern integrated townships.
These MoUs are expected to bring in probable investments worth Rs 2.05 lakh crore to the state.
Most of the MoUs worth Rs 1.14 lakh crore are for improving basic amenities and infrastructure in the urban areas.
For building modern integrated townships MoUs of about Rs 80,000 crore have been signed while and for commerical development investments of Rs 9,600 crores are expected.
Gujarat Chief Minister Narendra Modi addressing the concluding session said Infrastructre Leasing & Financial Services Limited has signed an MoU of Rs 50,000 crore to build integrated townships at three cities in the state.
For the first time in the country, UTI Bank has signed an MoU to build a Pool Finance in partnership with the state government for financing infrastructure projects in municipalities, Modi said.
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First Published: Sun, Feb 18 2007. 07 38 AM IST
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