MMRDA is in talks with German state-owned development bank KfW for funding urban infra projects
ECONOMY & POLICY

MMRDA is in talks with German state-owned development bank KfW for funding urban infra projects

The Frankfurt based German State-owned development bank, KfW, will explore funding opportunities with the Mumbai Metropolitan Region Development Authority (MMRDA) for its infrastructure projects. On an official 10 day visit, German delegates from the bank conducted an ‘Appraisal Mission’ assessing the various metro-rail projects in the city. The bankers were briefed on the Metro Line 4 and the multi-modal integration projects.

“MMRDA is on a mission to create a Mumbai of the future. We are delighted to announce that Germany’s third largest bank has expressed interest to fund our projects. This association will be a big boon to MMRDA’s flagship project – the Mumbai Metro,” says RA Rajeev, Metropolitan Commissioner, MMRDA.

The delegates also conducted other site visits presently under development and reacted positively to the future development plans of MMRDA.

“I have personally briefed the bankers on the details of the project and have emphasised on our need to protect the environment while being socially responsible. The MMRDA Metro project will be one of the best in the world and we look forward to working with KfW,” concludes Rajeev.

MMRDA is a Government of Maharashtra agency that is responsible for the infrastructure development of the Mumbai Metropolitan Region. Set up under the Mumbai Metropolitan Region Development Authority Act, 1974 Government of Maharashtra on 26 January 1975, MMRDA is an apex body for planning and co-ordination of development activities in the region. Since its inception, the authority is engaged in long-term planning, promotion of new growth centres, implementation of strategic projects and financing infrastructure development. It prepares plans, formulates policies and programmes, implements projects and helps in directing investments in the region.

Photo Courtesy: Mumbai Metropolitan Region Development Authority

The Frankfurt based German State-owned development bank, KfW, will explore funding opportunities with the Mumbai Metropolitan Region Development Authority (MMRDA) for its infrastructure projects. On an official 10 day visit, German delegates from the bank conducted an ‘Appraisal Mission’ assessing the various metro-rail projects in the city. The bankers were briefed on the Metro Line 4 and the multi-modal integration projects.“MMRDA is on a mission to create a Mumbai of the future. We are delighted to announce that Germany’s third largest bank has expressed interest to fund our projects. This association will be a big boon to MMRDA’s flagship project – the Mumbai Metro,” says RA Rajeev, Metropolitan Commissioner, MMRDA.The delegates also conducted other site visits presently under development and reacted positively to the future development plans of MMRDA.“I have personally briefed the bankers on the details of the project and have emphasised on our need to protect the environment while being socially responsible. The MMRDA Metro project will be one of the best in the world and we look forward to working with KfW,” concludes Rajeev.MMRDA is a Government of Maharashtra agency that is responsible for the infrastructure development of the Mumbai Metropolitan Region. Set up under the Mumbai Metropolitan Region Development Authority Act, 1974 Government of Maharashtra on 26 January 1975, MMRDA is an apex body for planning and co-ordination of development activities in the region. Since its inception, the authority is engaged in long-term planning, promotion of new growth centres, implementation of strategic projects and financing infrastructure development. It prepares plans, formulates policies and programmes, implements projects and helps in directing investments in the region.Photo Courtesy: Mumbai Metropolitan Region Development Authority

Next Story
Infrastructure Urban

CASE India Launches Project Milaap for Devotee Safety at Kumbh Mela

CASE Construction Equipment, a brand of CNH, launches Project Milaap, a groundbreaking Corporate Social Responsibility (CSR) initiative aimed at ensuring the safety of millions of devotees attending the Kumbh Mela 2025 in Prayagraj. The initiative was officially flagged off in the presence of CSR committee Emre Karazli, VP-Construction Segment, CNH APAC, Shalabh Chaturvedi, Managing Director, CASE India & SAARC, Satendra Tiwari, Executive Director – Operations, Mr. Puneet Vidyarthi, Head of Brand Marketing, APAC along with representatives from the company. With an expected footfall of over ..

Next Story
Infrastructure Energy

CleanMax Announces Financing for Onsite Solar Projects in UAE

CleanMax, one of Asia's leading renewable energy providers for the Commercial and Industrial (C&I) sector and a Brookfield-backed company, announced that it will obtain AED 99 Million (USD 27 Million) long term credit facility from HSBC to develop and finance its onsite solar portfolio in the UAE. The facility will cover 92 onsite solar assets, located on industrial facilities, malls, schools and universities. The financing arrangement also provides an uncommitted accordion of AED 37 Million (USD 10 Million) for development of future projects, in alignment with UAE’s Net Zero 2050 Strategy. ..

Next Story
Infrastructure Urban

Virtusa Foundation’s School Restoration Project Wins UNESCO Award

Virtusa, through the Virtusa Foundation, proudly announces that the restoration of the Byramjee Jeejeebhoy Parsee Charitable Institution (B.J.P.C.I) in Mumbai has been honored with the ‘Award of Merit’ from the UNESCO Asia-Pacific Awards for Cultural Heritage Conservation 2024. This project, which aligns with the Virtusa Foundation’s core pillars of education, empowerment, and environment, highlights Virtusa’s commitment to sustainability and social impact. By supporting restoring this 134-year-old structure, Virtusa has helped preserve a vital piece of history while ensuring the insti..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000