MMRDA seeks ₹14,100 Crore Loan for two upcoming Mumbai Metro Corridors

Mumbai, India (Metro Rail Today): In a major step toward expanding Mumbai’s metro network, the Mumbai Metropolitan Region Development Authority (MMRDA) has invited Expression of Interest (EOI) from banks and financial institutions to raise up to ₹14,100 crore through long-term rupee term loans. The funding will support the development of Metro Line 10 (Gaimukh–Mira Road) and Metro Line 12 (Kalyan–Taloja)—two critical corridors in the region’s long-term transit blueprint.

The EOI, issued on March 30, 2026, marks a decisive shift from planning to financial structuring, indicating that both projects are entering a more advanced stage of execution. The authority has scheduled a pre-bid meeting on April 10, with the submission deadline for in-principle sanctions set for April 22, 2026.

Strengthening Connectivity Across Expanding Urban Corridors

Metro Line 10 is designed to connect Gaimukh to Shivaji Chowk in Mira Road, addressing the growing mobility needs of the rapidly urbanising belt along the northern stretch of the Western Express Highway. This corridor is expected to significantly ease congestion in one of Mumbai’s most densely populated suburban regions.

Meanwhile, Metro Line 12, linking Kalyan to Taloja, aims to bridge a long-standing connectivity gap in the eastern suburban corridor, where commuters currently rely heavily on road transport. The project is expected to enhance integration between key residential and industrial zones across the Mumbai Metropolitan Region (MMR).

Commenting on the development, Mrs. Mamta Shah, MD & CEO, Urban Infra Group, said, “MMRDA’s move to secure long-term domestic financing reflects a mature approach to infrastructure funding. Metro Lines 10 and 12 are strategically important corridors that will significantly enhance regional connectivity and support sustainable urban expansion in the Mumbai Metropolitan Region.”

Focus on Domestic Financing Strategy

Notably, MMRDA is seeking rupee-denominated long-term loans, indicating a preference for domestic institutional funding over external commercial borrowings. This approach is expected to offer greater flexibility in repayment structures and reduce exposure to foreign exchange risks.

The scale of the funding requirement also highlights the growing role of Indian financial institutions in supporting large-scale urban infrastructure projects, particularly metro rail systems that demand high capital investment and long gestation periods.

A Key Step in Mumbai’s Metro Expansion

The development of Metro Lines 10 and 12 forms a vital component of Mumbai’s broader metro expansion strategy, aimed at creating a comprehensive, high-capacity transit network across the region. These corridors will complement existing and under-construction lines, improving first- and last-mile connectivity and reducing travel times across suburban clusters.

With the financial structuring process now underway, the focus will gradually shift toward tendering, procurement, and construction activities. The EOI signals strong momentum behind these projects, reinforcing Mumbai’s commitment to expanding its metro network and addressing long-standing urban mobility challenges.

As Mumbai continues to invest heavily in rail-based transit, Metro Lines 10 and 12 are poised to play a key role in shaping a more connected, efficient, and sustainable metropolitan region.