Ahmedabad Urban Development Authority (Auda) has chalked out an ambitious plan to invest ₹1,431 crore for construction of new housing units, bridges and roads, and new drainage lines. In addition, the urban development body has also sought a soft loan of ₹2,800 crore from Asian Development Bank (ADB) to fund its future projects as the authority has decided to invest ₹531 crore on construction of eight new bridges, ₹289 crore on laying new roads in developing areas, ₹204 crore on providing affordable housing, and ₹2,015 crore on laying new drainage lines. These apart, ₹202 crore will be spent on a number of other smaller projects. CEO of Auda, A B Gor said that the development authority has a corpus fund of around ₹1,100 crore and development works worth ₹1,431 crore have already been initiated and will mainly be used for constructing new bridges, laying new roads, providing new drainage infrastructure and other amenities like new auditorium, library, civic centres, garden and development of lakes.
📅Published on:
15 October 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
