Overview

• MMRDA has secured non-binding Lines of Credit worth ₹4.07 lakh crore ($48 billion) from REC, PFC, HUDCO, IRFC, and NaBFID to fund infrastructure development in the Mumbai Metropolitan Region.
• The agreements were formalized on April 8, 2025, at the India Global Forum 2025 event held in Mumbai's Bandra Kurla Complex.
• The funding will support diverse projects, including metro lines, suburban rail, affordable housing, energy-efficient systems, and smart city initiatives.
• This financing is part of MMRDA's broader $100 billion target, with $48 billion secured domestically and plans to raise the remaining $52 billion from global institutions.
• The initiative aligns with Maharashtra's ambition to become a $1 trillion economy and India's $5 trillion economic vision, emphasizing self-reliance through domestic partnerships.