+
MMRDA Signs Rs 4070 Billion Deals
ECONOMY & POLICY

MMRDA Signs Rs 4070 Billion Deals

The Mumbai Metropolitan Region Development Authority (MMRDA) has signed debt agreements worth Rs 4070 bn to significantly boost infrastructure across the Mumbai Metropolitan Region (MMR). This major financial commitment aims to accelerate progress in transport, housing, urban services, and sustainable development.

The signed agreements, supported by state and central institutions, will fund metro projects, road networks, affordable housing, and utility upgrades. With this infusion, MMRDA plans to improve regional connectivity, ease congestion, and enhance the quality of life in key urban and suburban zones. A large portion of the funds is earmarked for expanding Mumbai’s metro rail system, which is central to the region’s mobility plans. MMRDA is also prioritizing integrated urban growth, with a focus on environmentally conscious and citizen-friendly infrastructure. The financing move marks one of the largest infrastructure investments in the region’s history. It signals the Maharashtra government’s intent to position MMR as a modern, globally competitive urban hub.

With the new funding pipeline secured, MMRDA will fast-track ongoing and upcoming projects, laying the foundation for a more connected and livable Mumbai Metropolitan Region over the next decade.

The Mumbai Metropolitan Region Development Authority (MMRDA) has signed debt agreements worth Rs 4070 bn to significantly boost infrastructure across the Mumbai Metropolitan Region (MMR). This major financial commitment aims to accelerate progress in transport, housing, urban services, and sustainable development. The signed agreements, supported by state and central institutions, will fund metro projects, road networks, affordable housing, and utility upgrades. With this infusion, MMRDA plans to improve regional connectivity, ease congestion, and enhance the quality of life in key urban and suburban zones. A large portion of the funds is earmarked for expanding Mumbai’s metro rail system, which is central to the region’s mobility plans. MMRDA is also prioritizing integrated urban growth, with a focus on environmentally conscious and citizen-friendly infrastructure. The financing move marks one of the largest infrastructure investments in the region’s history. It signals the Maharashtra government’s intent to position MMR as a modern, globally competitive urban hub. With the new funding pipeline secured, MMRDA will fast-track ongoing and upcoming projects, laying the foundation for a more connected and livable Mumbai Metropolitan Region over the next decade.

Next Story
Infrastructure Urban

Private Bikes Cleared To Earn As App Based Taxis

Private motorcycle owners will soon be able to hire out their bikes to app based taxi and delivery services under revised Motor Vehicles Aggregator Guidelines issued by the Ministry of Road Transport and Highways (MoRTH).The updated framework allows state governments to authorise the use of non transport motorcycles for passenger journeys and hyper local deliveries, effectively legalising bike taxi services that have expanded rapidly across India. MoRTH says the change should cut congestion and emissions while widening affordable travel and creating new income streams.States and union territor..

Next Story
Infrastructure Transport

Chennai Metro Realigns Corridor 5 For Faster Build

Construction has begun on the re aligned section of Chennai Metro’s Corridor 5 between Madhavaram and Sholinganallur, close to Koyambedu. Chennai Metro Rail Limited (CMRL) redesigned this stretch to shorten the build programme, minimise land acquisition and better reflect current travel patterns after long distance buses moved from the Chennai Mofussil Bus Terminus to Kilambakkam.The previous plan curved east after VR Mall to a station at Kaliamman Koil Street; that detour—intended to serve political offices and nearby housing—has now been abandoned. The viaduct instead proce..

Next Story
Equipment

MHI to Design Japan’s Largest CO2 Capture Plant

Mitsubishi Heavy Industries, (MHI) has secured a contract from Hokkaido Electric Power Co., Inc. (HEPCO) for the basic design of a CO2 capture plant at the Tomato-Atsuma Power Station. The facility will use MHI’s proprietary CO2 capture technology to remove 5,200 tonnes of CO2 per day from flue gas emitted during boiler combustion. This Front End Engineering Design (FEED) marks a step towards Japan’s largest CO2 capture plant.  Under this project, MHI will assess the plant’s primary equipment and technical specifications, in preparation for future deployment. The initiative for..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?