HUDCO To Fund MMRDA Projects

11 Apr 2025 CW Team

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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..