Mumbai Metropolitan Region Development Authority Secures Rs 31,673.79 Crore Loan from Power Finance Corporation to Fast-Track Nine Infrastructure Projects.

Banking & Finance

The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a loan Rs 31,674 crore from Power Finance Corporation (PFC) to fund various infrastructure projects across the Mumbai Metropolitan Region (MMR). A formal loan agreement was signed between PFC and MMRDA on Wednesday, marking the financial closure of several high-priority infrastructure initiatives aimed at enhancing connectivity, stimulating economic growth, and improving the quality of life in the MMR. This financial arrangement will cover 80% of the total project costs, with the remaining funds sourced from govt grants and contributions from MMRDA.


      The loan will support major projects like road expansions, rail improvements, and metro developments in the MMR.

      Enhanced infrastructure is expected to attract investments and boost employment opportunities within the Mumbai Metropolitan Region.

     

 

     


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