NEW DELHI: Prominent real estate company DLF and its partner Haryana Urban Development Authority (HUDA) will be injecting Rs 550 crore for developing a road in Gurgaon under public-private partnership (PPP) mode.
The realty major has started the construction work of the 16-lane 8.3 kilometre road, which connects NH-8 toll plaza with the sectors 55 and 56 in Gurgaon.
The company has alloted the development contract to IL&FS Engineering and Construction Company for Rs 400 crore. IL&FS will be constructing a significant part of the road.
The road will be completely integrated with the Rapid Metro system. DLF has been credited for setting up almost the complete Gurgaon.