BMC to Upgrade 15-Year-Old Stormwater Pumping Stations
The Brihanmumbai Municipal Corporation (BMC) proposes to upgrade and maintain two stormwater pumping stations at Irla and Haji Ali for 15 years, costing Rs 640 crore. With the installation of both pumping stations beginning in 2007, much of the pumping station’s machinery, which discharges collected runoff rainwater, requires upgrades. In addition, the BMC has invited […]
MMRDA is approved to issue bonds to fund $50,000,000,000 for infrastructure projects
It has been approved for the Mumbai Metropolitan Region Development Authority (MMRDA) to issue bonds worth Rs 50,000 crore to finance a number of infrastructure projects in the city and its surrounding areas. The idea was presented before the MMRDA meeting on Friday, which was presided over by Chief Minister Eknath Shinde. “As security for […]
After three months, the government reverses course and buys out R-Infra’s Metro-1 stake
MUMBAI: Three months after sanctioning it, the state government has changed its mind about acquiring the Versova-Andheri-Ghatkopar Metro-1. During a Tuesday cabinet meeting, the decision was made. The city’s oldest route, Metro-1, is the only one developed under a public-private partnership. Mumbai Metro One Private Ltd (MMOPL), a special purpose vehicle (SPV), is in charge […]
Mumbai BMC Is Awaiting Versova-Dahisar Link Road Approval
With the goal of improving connectivity and reducing traffic in Mumbai’s western suburbs, the Versova-Dahisar Link Road project is a critical piece of infrastructure that the Brihanmumbai Municipal Corporation (BMC) is anxious to get the go-ahead for. When completed, this massive project—which will include several lanes, flyovers, and underpasses—would stretch over 24 kilometers and improve […]
BMC’s Operation Continues in Versova; Illegal Structures in Shiv Galli Are Demolished
Today, the Brihanmumbai Municipal Corporation (BMC) demolished yet another unlawful, under-construction building in Shiv Galli as part of its ongoing campaign against unauthorized buildings in Versova Village. This move follows the BMC’s earlier demolition drives in the same locality on June 3, June 4, and June 11; during those drives, numerous structures constructed on ecologically […]
MMRDA seeks Rs 200 bn loans for Mumbai infrastructure projects
The Mumbai Metropolitan Region Development Authority (MMRDA) is embarking on a quest for Rs 200 billion in loans to fuel the implementation of a diverse array of infrastructure projects across the sprawling Mumbai Metropolitan Region. With an expenditure estimate of Rs 287.05 billion earmarked for the current fiscal year (2023-24), MMRDA’s ambitious agenda encompasses pivotal […]
MMRDA seeks Rs 20,000cr loans to fund infra projects in Mumbai region, ET Infra
Mumbai Metropolitan Region Development Authority (MMRDA) has initiated steps to seek loans totalling Rs 20,000 crore to finance various infrastructure projects planned across the Mumbai Metropolitan Region.MMRDA has earmarked an expenditure of Rs 28,705 crore for multiple infrastructure projects, including the Metro corridors, Mumbai Trans Harbour Link, Versova-Vasai Sea Bridge and the underground road between […]