MMRDA Signs Rs.8.50 Bn Urban Infrastructure Financing Deal with KfW
ECONOMY & POLICY

MMRDA Signs Rs.8.50 Bn Urban Infrastructure Financing Deal with KfW

The Mumbai Metropolitan Region Development Authority (MMRDA) has finalised a ?8.50 billion financing agreement with the German development bank KfW. This funding is earmarked for enhancing urban infrastructure projects in the Mumbai Metropolitan Region, aimed at improving transportation and sustainability initiatives.

The agreement was signed to support key infrastructure developments in Mumbai, focusing on sustainable urban transport, environmental improvements, and overall urban development. Projects under consideration include metro rail expansions, road enhancements, and initiatives to bolster environmental sustainability within the metropolitan region.

MMRDA's collaboration with KfW reflects a strategic effort to leverage international expertise and financial support for advancing Mumbai's infrastructure goals. The funding is expected to play a crucial role in accelerating ongoing and future infrastructure projects critical to the region's economic and social progress.

This partnership underscores the commitment of both MMRDA and KfW towards sustainable urban development, infrastructure modernization, and improving the quality of life for Mumbai residents. The financing agreement marks a significant step towards realising Mumbai's vision of becoming a more efficient, connected, and sustainable metropolitan hub.

The Mumbai Metropolitan Region Development Authority (MMRDA) has finalised a ?8.50 billion financing agreement with the German development bank KfW. This funding is earmarked for enhancing urban infrastructure projects in the Mumbai Metropolitan Region, aimed at improving transportation and sustainability initiatives. The agreement was signed to support key infrastructure developments in Mumbai, focusing on sustainable urban transport, environmental improvements, and overall urban development. Projects under consideration include metro rail expansions, road enhancements, and initiatives to bolster environmental sustainability within the metropolitan region. MMRDA's collaboration with KfW reflects a strategic effort to leverage international expertise and financial support for advancing Mumbai's infrastructure goals. The funding is expected to play a crucial role in accelerating ongoing and future infrastructure projects critical to the region's economic and social progress. This partnership underscores the commitment of both MMRDA and KfW towards sustainable urban development, infrastructure modernization, and improving the quality of life for Mumbai residents. The financing agreement marks a significant step towards realising Mumbai's vision of becoming a more efficient, connected, and sustainable metropolitan hub.

Next Story
Real Estate

Dharavi Reimagined Rs 957.9 Billion Makeover

Construction World got a sneak peek at the plan submitted and approved by the Maharashtra Government a few days ago. Here are a few insights from the plan. When we spoke to SVR Srinivas, CEO of the Dharavi Redevelopment Project, last month, the plans were still under wraps. Today, with the development blueprint in hand, the vision is beginning to take shape—with timelines, phases, and goals now clearly defined. Imagine Dharavi in 2031 — no longer a crowded slum but a thriving, green, and modern community with wide walkways, clean parks, and fast metro connections. This dream is becomi..

Next Story
Real Estate

Tall Expectations

Mumbai’s World Trade Centre Tower 1, completed in 1970, marked the start of tall building construction in India, going by the Council on Tall Buildings & Urban Habitat’s definition of tall buildings as structures with a height of at least 150 m. More than half a century later, the country has barely 273 tall buildings by the same definition, according to the CBRE report Sky is the Limit: Rise of Tall Buildings in India.Mumbai remains the centre of tall building construction in India, notes Sailesh Mahimtura, Chairman & Managing Director, Mahimtura Consultants, a fact corrobora..

Next Story
Real Estate

Cool Office

In a city clogged by traffic and long commutes, WoCO One emerges as a sustainable, commuter-friendly workplace. Spread across 3.6 acre, WoCO One (World of Cool Offices) reimagines the modern office for today’s workforce. More than just a place to work, it nurtures wellbeing and collaboration through open, airy layouts, cafés, lush verandas and multifunctional terraces designed to inspire and refresh.“Gurugram is moving towards sustainability and the walk-to-work model aligns seamlessly with that shift,” says Gagan Deep Singh, Founder Director, WoCO...To read read the full story Cli..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?