MMRDA secures Rs 31,674 crore loan to boost Mumbai’s infrastructure

The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a ₹31,674 crore loan from Power Finance Corporation to finance key infrastructure projects in the Mumbai Metropolitan Region. This funding will cover 80% of project costs, with the remaining sourced from government grants and MMRDA contributions. Major initiatives include the Thane-Borivali Twin Tunnel and several road extensions.