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!

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