The Maharashtra government is set to raise $50 billion over the next 3–4 months to fund a major infrastructure overhaul in the State, said Deputy CM Devendra Fadnavis at the India-Middle East-Europe Economic Corridor summit.

Fadnavis highlighted that between 2014–2019, the State had invested around $30 billion in key projects such as the Coastal Road, Atal Setu, Samruddhi Mahamarg, and the Navi Mumbai International Airport. Now, the State is seeking funding from both domestic and foreign investors for its next big leap.

A key highlight is the creation of a “third Mumbai”—a new urban zone between Atal Setu, JNPT, and Navi Mumbai Airport. This planned city, projected to be three times larger than Mumbai, will include