MMRDA seeks project funding from German bank KfW
ECONOMY & POLICY

MMRDA seeks project funding from German bank KfW

The Mumbai Metropolitan Region Development Authority (MMRDA) has been engaged in talks with KfW, the German state-owned development bank, to explore possible funding opportunities for its urban infrastructure projects. An ‘appraisal mission’ was conducted on an official 10-day visit where German delegates assessed the various metro projects in the city. They were also briefed on Metro Line 4 and the multimodal integration project.

“MMRDA is on a mission to create a Mumbai of the future. We are delighted to announce that Germany’s third largest bank has expressed interest in funding our projects. This association will be a boon to MMRDA’s flagship project, the Mumbai Metro,” says R A Rajeev, Metropolitan Commissioner, MMRDA. “I have personally briefed the bankers on the details of the project and emphasised upon our need to protect the environment while being socially responsible. The MMRDA Metro project will be one of the best in the world and we look forward to working with KfW.”
 
The delegates further visited several other sites under construction and were keen on discussing MMRDA’s future development plans in the city. 

The Mumbai Metropolitan Region Development Authority (MMRDA) has been engaged in talks with KfW, the German state-owned development bank, to explore possible funding opportunities for its urban infrastructure projects. An ‘appraisal mission’ was conducted on an official 10-day visit where German delegates assessed the various metro projects in the city. They were also briefed on Metro Line 4 and the multimodal integration project.“MMRDA is on a mission to create a Mumbai of the future. We are delighted to announce that Germany’s third largest bank has expressed interest in funding our projects. This association will be a boon to MMRDA’s flagship project, the Mumbai Metro,” says R A Rajeev, Metropolitan Commissioner, MMRDA. “I have personally briefed the bankers on the details of the project and emphasised upon our need to protect the environment while being socially responsible. The MMRDA Metro project will be one of the best in the world and we look forward to working with KfW.” The delegates further visited several other sites under construction and were keen on discussing MMRDA’s future development plans in the city. 

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?