Maharashtra: MMRDA allowed to take loans as much as Rs 60k cr for infra initiatives





The Maharashtra authorities on Saturday gave permission to the Mumbai Metropolitan Area Improvement Authority to lift loans as much as Rs 60,000 crore for infrastructure initiatives, an official mentioned.


The Maharashtra authorities will stand guarantor for the loans and stamp obligation on the federal government assure has been waived off for an quantity of Rs 12,000 crore to be raised within the first part, an announcement from the Chief Minister’s Workplace (CMO) mentioned.


Infrastructure initiatives, together with metro rail works, Thane-Borivali underground route, Thane coastal street, Sewri-Worli Connector, price Rs 1,74,940 crore are underway within the Mumbai Metropolitan Area, it added.


“The MMRDA has been allowed to lift loans as much as Rs 60,000 crore for completion of those initiatives,” the CMO assertion mentioned quoting a cupboard assembly determination.

(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

Expensive Reader,

Enterprise Commonplace has at all times strived exhausting to supply up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on easy methods to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to conserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nevertheless, have a request.

As we battle the financial affect of the pandemic, we’d like your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, truthful and credible journalism. Your help by extra subscriptions can assist us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Commonplace.

Digital Editor



Supply hyperlink