+
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 Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?