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.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement