Mumbai Metro on Track: State Guarantees ₹36,000 Cr for Six Key Lines

The Maharashtra government has approved a loan guarantee for six metro rail projects being executed by the Mumbai Metropolitan Region Development Authority (MMRDA), facilitating continued financial support from international funding agencies. The decision was taken during a Cabinet meeting chaired by the Chief Minister.

The approved corridors include:

Metro Line 5 (Thane–Bhiwandi–Kalyan), Metro Line 6 (Swami Samarth Nagar–Vikhroli), Metro Line 9 (Dahisar East–Mira Bhayandar), Metro Line 10 (Gaimukh–Shivaji Chowk, Mira Road), Metro Line 11 (Wadala–CSMT), Metro Line 7 extension – a 3.3-km underground stretch from Gundavali to the international airport via Marol

These lines, comprising both elevated and underground sections, are at various stages of development and collectively represent an investment exceeding ₹36,000 crore.

The loan guarantee enables MMRDA to secure funding from multilateral institutions such as the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB). While the state government will act as a guarantor, MMRDA will bear full responsibility for loan repayment, including interest and associated liabilities.

Officials emphasized that this financial support is critical to avoid delays, control escalating costs, and maintain momentum in tendering and project execution.

News by Rahul Yelligetti.