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Updated - June 17, 2026 at 09:53 PM.

File Photo: A Metro train passes through the city of Ahmedabad in Gujarat on February 19, 2025 | Photo Credit: MOORTHY RV

The Gujarat government has signed an agreement with state-owned lender Housing and Urban Development Corporation Ltd (HUDCO) to secure long-term financing of up to ₹1 lakh crore for infrastructure projects, providing a major funding pipeline for metro rail expansion, expressways and urban development initiatives across the state.

The memorandum of understanding (MoU) was signed on Wednesday in Gandhinagar in the presence of Chief Minister Bhupendra Patel. The funding is expected to support a range of projects under the state’s long-term development roadmap, including Ahmedabad Metro Rail Phases 2 and 3, expressways, sports infrastructure and the development of Dholera as a greenfield smart city.

In a parallel development, the state government also signed an MoU with Indian Institute of Management Ahmedabad (IIM-A) to provide technical and strategic support for upcoming infrastructure projects. Under the agreement, IIM Ahmedabad will undertake pre-feasibility studies, feasibility assessments, preparation of detailed project reports (DPRs) and impact evaluations for projects planned under the Viksit Gujarat 2047 programme. The partnership is expected to help the government evaluate project viability, prioritise investments and improve execution outcomes for large infrastructure initiatives.

Published on June 17, 2026

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