Four years after the Haryana government gave its approval, the ball has been set rolling for the Rs.400-600 crore Huda-DLF Sectoral Road connecting Gurgaon Expressway near DLF Cyber City to the Golf Course Road.
The government had accorded its consent in 2008 for the 8.3-kilometre road, which would have 16 signal-free lanes.
Bids for the project were filed by four companies on Thursday — Infrastructure Leasing & Financial Services Limited (IL&FS), L&T, Punj Lloyd and Lanco. The bids are being scrutinised by a leading project management company, Parsons Brinckerhoff, and the project is likely to be awarded in a month, said DLF officials.
With the deadline set for September 2014, time began ticking for the project in September 2011 when the Haryana Urban Development Authority (Huda) and realty major DLF signed an agreement on a 50-50 profit sharing basis.
A revised concept study of the project was submitted by global design and planning firm AECOM last year. A senior DLF executive said the agreement was signed after ironing out technical and commercial issues between Huda and DLF.
With six underpasses at various points of the sectoral road and a flyover at Sikanderpur junction, the project, once completed, will ease traffic jams in the Cyber City that houses companies like Pepsi, Dell, Yahoo, Google, Microsoft, Coco-Cola, Hewlett Packard, Nokia, American Express etc.
The new road will reduce the travel time to three minutes from the present 30 minutes.