In a move set to redefine urban infrastructure, the Housing and Urban Development Corporation Ltd. (HUDCO), a prestigious Navratna CPSE operating under the auspices of the Ministry of Housing and Urban Affairs, Government of India, sealed a momentous deal with the Surat Integrated Transportation Development Corporation Limited (SITCO).
The Memorandum of Understanding (MoU), a testament to their commitment to sustainable progress, was formalized on May 9th, 2024, at the esteemed HUDCO Bhawan in New Delhi.
At the helm of this historic agreement were Shri Sanjay Kulshrestha, the esteemed Chairman and Managing Director (CMD) of HUDCO, and Shri Manoj Garg, the Managing Director (MD) of SITCO. Their signatures, witnessed by dignitaries from the Rail Land Development Authority (RLDA) and HUDCO, mark the initiation of a partnership aimed at harnessing synergies for the establishment and enhancement of Surat’s Multi-Modal Transportation Hub.
This ambitious project will unfold on lands earmarked by the Ministry of Railways and the Government of Gujarat.
**CMD Sanjay Kulshrestha’s Perspective:**
“This collaboration signifies a pivotal moment in our pursuit of sustainable urban development. By pooling our expertise and resources, HUDCO and SITCO are poised to deliver infrastructure solutions that not only address the needs of today but also lay the groundwork for a prosperous tomorrow.”
The MoU not only lays the groundwork for the physical infrastructure but also opens avenues for potential consultancy, capacity building, and technical assistance from HUDCO.
This multifaceted approach underscores the commitment of both entities to holistic development and innovation in urban planning.
As Surat gears up to embrace a transformative transportation paradigm, the HUDCO-SITCO alliance stands as a beacon of progress, heralding a future where collaboration paves the way for sustainable urbanization.
