Pune: State Government Accelerates Metro Projects With Rs 272 Crore Loan From Asian Development Bank
Mumbai, 25th December 2024: The Maharashtra State Government, under the leadership of Chief Minister Devendra Fadnavis, is making significant strides in expediting metro development projects across Mumbai, Thane, the Mumbai Metropolitan Region (MMR), and Pune. To support these efforts, the Mumbai Metropolitan Region Development Authority (MMRDA) has received ₹272 crore in funding, facilitated through a loan from the Asian Development Bank (ADB).
The funding comes after a meeting between Chief Minister Fadnavis and ADB officials during the Nagpur Assembly session. Following the discussions, the bank approved the loan within a week, providing a much-needed financial boost to metro projects. This funding is expected to accelerate the progress of multiple metro lines under construction.
Breakdown of Fund Allocation
The disbursed amount has been strategically allocated to various metro lines in Mumbai and its surrounding regions:
– Metro-5 (Thane-Kalyan-Bhiwandi): ₹23.83 crore
– Metro-9 (Dahisar to Mira Bhayandar) & Metro-7A (Andheri to Chhatrapati Shivaji Maharaj International Airport): ₹22 crore
– Metro-7 (Andheri East to Dahisar East): ₹27.50 crore
– Metro-4 (Kasarvadavali) & Metro-4A (Kasarvadavali to Gaimukh): ₹53.83 crore
– Metro-2B (DN Nagar to Mandale): ₹53.90 crore
– Metro-2A (Dahisar East to DN Nagar): ₹27.50 crore
– Metro-6 (Swami Samarth Nagar to Vikhroli):* ₹36.67 crore
The State Government’s initiative aims to address the growing transportation demands of the rapidly urbanizing region. These metro projects, once completed, are expected to significantly reduce traffic congestion, improve connectivity, and boost economic activity in the state.
