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Bloomberg Quint

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MMRDA Signs Rs 4.1 Lakh Crore Infrastructure MoUs With HUDCO, REC, Others

  • Mumbai Metropolitan Region Development Authority (MMRDA) signed memoranda of understanding worth Rs 4.1 lakh crore with Housing & Urban Development Corp., REC Ltd., Indian Railways Finance Corp., and National Bank for Financing Infrastructure and Development.
  • HUDCO will provide up to Rs 1.5 lakh crore over five years for infrastructure development in the Mumbai Metropolitan Region.
  • REC and Power Finance Corp. have each committed Rs 1 lakh crore to MMRDA projects.
  • IRFC signed an MoU worth Rs 50,000 crore, while NaBFID committed Rs 7,000 crore.

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