Maharashtra Releases Rs 606m ADB Loan For Mumbai Metro
RAILWAYS & METRO RAIL

Maharashtra Releases Rs 606m ADB Loan For Mumbai Metro

The Government of Maharashtra has approved the release of Rs 605.9 million to the Mumbai Metropolitan Region Development Authority from loan proceeds received from the Asian Development Bank for Mumbai Metro Lines 2A, 2B and 7.

The release forms part of an external borrowing arrangement under which ADB is financing the construction of key elevated metro corridors in Mumbai. As per the funding mechanism, MMRDA initially incurs project expenditure and later seeks reimbursement. Once cleared by ADB, the funds are routed through the Government of India to the state, which then disburses the amount to MMRDA as a loan through budgetary provisions.

With this tranche, the cumulative loan amount released to MMRDA under ADB assistance for the three metro corridors has reached Rs 36.42 billion. Mumbai Metro Line 2A (Dahisar West–DN Nagar) and Line 7 (Andheri East–Dahisar East) are already operational, while Line 2B (DN Nagar–Mandale) is currently under construction.

Last month, the state government had also extended interest-free loan support for these projects, allocating Rs 496.3 million to Line 7, Rs 1.13 billion to Line 2B and Rs 287.9 million to Line 2A.

The metro corridors are seen as critical to improving east–west and north–south connectivity in the Mumbai Metropolitan Region, easing congestion on roads and reducing pressure on the suburban rail network.

The Government of Maharashtra has approved the release of Rs 605.9 million to the Mumbai Metropolitan Region Development Authority from loan proceeds received from the Asian Development Bank for Mumbai Metro Lines 2A, 2B and 7. The release forms part of an external borrowing arrangement under which ADB is financing the construction of key elevated metro corridors in Mumbai. As per the funding mechanism, MMRDA initially incurs project expenditure and later seeks reimbursement. Once cleared by ADB, the funds are routed through the Government of India to the state, which then disburses the amount to MMRDA as a loan through budgetary provisions. With this tranche, the cumulative loan amount released to MMRDA under ADB assistance for the three metro corridors has reached Rs 36.42 billion. Mumbai Metro Line 2A (Dahisar West–DN Nagar) and Line 7 (Andheri East–Dahisar East) are already operational, while Line 2B (DN Nagar–Mandale) is currently under construction. Last month, the state government had also extended interest-free loan support for these projects, allocating Rs 496.3 million to Line 7, Rs 1.13 billion to Line 2B and Rs 287.9 million to Line 2A. The metro corridors are seen as critical to improving east–west and north–south connectivity in the Mumbai Metropolitan Region, easing congestion on roads and reducing pressure on the suburban rail network.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code