In a determined move to fund its expansive infrastructure ventures across the Mumbai Metropolitan Region, the Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the process to secure loans amounting to Rs 20,000 crore.
Underlining its commitment to multiple infrastructure undertakings, MMRDA has allocated a significant budget of Rs 28,705 crore for the ongoing fiscal year of 2023 24 These projects encompass a range of initiatives, including the development of Metro corridors, the Mumbai Trans Harbour Link the Versova Vasai Sea Bridge, and the underground road connecting the Eastern Freeway and Marine Drive, among others. Despite the daunting financial demands posed by these ambitious projects, MMRDA officials remain resolute in their pursuit of a transformative vision for the region.
https://urbantransportnews.com/news/mmrda-seeks-20000-crore-loans-for-ambitious-transport-infrastructure-projects-in-mumbai
Source :Urban Transport News
