World Bank eyes on Rs 50,000-cr Metro rail projects in Mumbai

With Metro rail projects worth nearly Rs 50,000 crore lined up for execution in Mumbai over the next decade, the World Bank has evinced interest in funding these works at competitive rates, thus opening up more financing options for the city’s development authority. The World Bank had partially financed the Mumbai Urban Transport Project (MUTP), which enhanced the capacity of the city’s suburban railway and road transport network. “The World Bank loan for MUTP came in two components — a loan for the civil works, which was on the higher side at about 4-5 per cent, and another for the rehabilitation and resettlement of project-affected families.
Mumbai Metro



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