HUDCO To Fund MMRDA Projects
ECONOMY & POLICY

HUDCO To Fund MMRDA Projects

1500 billion in funding to the Mumbai Metropolitan Region Development Authority (MMRDA) for a series of infrastructure projects aimed at transforming Mumbai’s urban landscape.

This significant financial backing will support the development of metro corridors, roads, housing schemes, and essential utilities in the Mumbai Metropolitan Region (MMR). The funding agreement marks a major step in enabling MMRDA’s long-term vision to enhance urban mobility, improve living standards, and address the region’s growing infrastructural demands. HUDCO’s support strengthens MMRDA’s ability to execute high-impact projects swiftly and at scale. The focus will be on integrated development, with a blend of connectivity, affordability, and sustainability. Major metro expansions and urban housing initiatives are key areas where this funding will be utilised.

The Maharashtra government sees this collaboration as critical to boosting infrastructure while maintaining financial prudence. The agreement also reflects HUDCO’s expanding role in financing large-scale urban transformations in India’s biggest cities. This infusion of funds, along with other recent agreements, positions MMRDA to fast-track its developmental agenda and meet the evolving needs of a rapidly urbanising Mumbai.

1500 billion in funding to the Mumbai Metropolitan Region Development Authority (MMRDA) for a series of infrastructure projects aimed at transforming Mumbai’s urban landscape. This significant financial backing will support the development of metro corridors, roads, housing schemes, and essential utilities in the Mumbai Metropolitan Region (MMR). The funding agreement marks a major step in enabling MMRDA’s long-term vision to enhance urban mobility, improve living standards, and address the region’s growing infrastructural demands. HUDCO’s support strengthens MMRDA’s ability to execute high-impact projects swiftly and at scale. The focus will be on integrated development, with a blend of connectivity, affordability, and sustainability. Major metro expansions and urban housing initiatives are key areas where this funding will be utilised. The Maharashtra government sees this collaboration as critical to boosting infrastructure while maintaining financial prudence. The agreement also reflects HUDCO’s expanding role in financing large-scale urban transformations in India’s biggest cities. This infusion of funds, along with other recent agreements, positions MMRDA to fast-track its developmental agenda and meet the evolving needs of a rapidly urbanising Mumbai.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?