+
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. 

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code