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.