MMRDA seeks 35% metro funding from BMC and centre

13 Nov 2023 CW Team

In an attempt to expedite the numerous Metro projects in the city, the financially strained Mumbai Metropolitan Region Development Authority (MMRDA) has requested 10% of the funds required for the works from the union government and 25% from the BMC.

It is noted that MMRDA is grappling with a funds shortage, considering the substantial amount earmarked for infrastructure spending in this decade. The combined cost of 10 Metro projects, excluding Metro 3 (Colaba-Bandra-Seepz) and Metro 1 (Versova-Andheri-Ghatkopar), amounts to Rs 750 billion.

A senior official mentioned, "Since Sanjay Mukherjee assumed the role of metropolitan commissioner, there have been endeavours to generate resources for various infrastructure projects."

In addition to capitalising on its assets, MMRDA has engaged SBI Capital Markets to secure loans. However, a consistent flow of funds is required to carry out significant projects. An MMRDA official stated, "MMRDA will allocate another 15% from its own funds, and the remaining 50% will be raised through loans."

MMRDA has allocated an expenditure of Rs 287.05 billion for diverse infrastructure projects, encompassing Metro corridors, the Mumbai Trans Harbour Link, the Versova-Vasai sea bridge, the subterranean road connecting the Eastern Freeway and Marine Drive, among others, in the fiscal year 2023-24.

Infrastructure Transport

01 Jun 2026

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..

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..

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..