MMRDA Secures Rs 73.26 Bn Loan for Orange Gate to Marine Drive Tunnel

19 Feb 2025 CW Team

In a major step towards transforming Mumbai’s transport infrastructure, MMRDA has successfully secured financial closure for the Underground Orange Gate to Marine Drive Tunnel Road, with Rs 73.26 billion sanctioned by Union Bank of India, Large Corporate Branch, Mumbai. This reflects the strong financial credibility of MMRDA and its commitment to delivering world-class infrastructure without delays.

Project Highlights: - 9.2 km underground coastal route seamlessly linking Orange Gate (Eastern Freeway) to Marine Drive Coastal Road - 6.52 km twin-tunnel system with dedicated emergency lanes for enhanced safety - Strengthening east-west connectivity and creating a ring route for South Mumbai

Under the dynamic leadership of CM Devendra Fadnavis, Chairmanship of deputy chief minister Eknath Shinde, Metropolitan Commissioner Dr. Sanjay Mukherjee, IAS, signed this landmark agreement, marking a new era in Mumbai’s infrastructure growth. Senior MMRDA officials including Additional Commissioners Vikram Kumar & Ashwin Mudgal, Joint Commissioner Radhabinod Sharma, and MMMOCL MD Rubal Agarwal, Financial Advisor Ankush Nawale were also present for this historic moment.

MMRDA continues to achieve financial closures for critical projects, ensuring Mumbai's development never slows down. With Union Bank of India’s backing, this project will soon become a reality, revolutionizing urban mobility for Mumbaikars!

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..