New Delhi: DLF inked a memorandum of understanding with the infrastructure company Gayatri Projects Ltd (GPL) to develop roads, highways and bridges across the country. With the joint venture, they expect to do projects worth Rs 5,000-10,000 crore in the next few years. This venture will help DLF to expand its presence beyond residential, commercial and retail projects. DLF-GPL will take part in the pre-qualification bids for the highway projects under the National Highway Development Programme in Maharashtra, Orissa and Andhra Pradesh. Under the agreement, DLF-GPL will power their strengths to form special purpose vehicles for development of highways. DLF Laing O''Rourke, a joint venture between DLF and the UK-based Laing O''Rourke, will be contractors for the projects bagged by the newly formed alliance between DLF and Gayatri. GPL at present has projects worth over Rs 3,450 crore under construction in states like Andhra Pradesh, Assam, Uttar Pradesh, Madhya Pradesh, Karnataka, Gujarat, Maharashtra and Orissa.
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