Ambani's SEZ in Navi Mumbai
4/15/2006 01:41:00 PM, posted by anandI had earlier written about Mukesh Ambani's plan to build a Special Economic Zone (henceforth SEZ) in Navi Mumbai. Now Business Standard has some more scoop on the size, logistics and the ambition. Here are a few highlights:
- Development of 14,000 hectares.
- Reliance will invest Rs. 25,000 crore ($5.5 billion) to make it happen.
- Plans to have residential complexes, amusement parks, hotels, hospitals, shopping malls, 18 hole golf course, its own airport, sea-link tranist to Mumbai, 6 lane highway connectivity to Mumbai and living conditions on par with the some of the best cities of the world.
- The completed SEZ will require a power plant to generate over 1,000 MW of electricity and about 300 million litres of water will be required every day.
- It will be home to a million people.
- The development is going to happen in a phased "cluster" approach. Each cluster will comprise of 5000-7000 acres. They will develop the land, telecom, sewage, road etc for that cluster before moving on to the next one.
- Estimated completion time for the first cluster is end of 2010.
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