Daijiworld Media Network – Mumbai
Mumbai, Mar 28: The Mumbai Metropolitan Region Development Authority (MMRDA), under the leadership of Maharashtra deputy chief minister Eknath Shinde, presented a Rs 40,187.41 cr budget for 2025-26, aimed at accelerating Mumbai’s infrastructural transformation.
Chief Minister Devendra Fadnavis emphasized that the Mumbai Metropolitan Region (MMR) serves as Maharashtra’s economic backbone, and the budget aligns with the vision of achieving a trillion-dollar economy.
“To enhance world-class services for citizens, Rs 35,151.14 cr 87% of the total outlay has been allocated to infrastructure projects, including metro expansion, new tunnels, sea routes, water resource development, and urban infrastructure,” said Shinde. The revenue estimate for 2025-26 stands at Rs 36,938.69 cr.
Shinde further stated that the budget is expected to boost MMR’s GDP from the current $140 billion to $300 billion by 2030.
During the recent World Economic Forum in Davos, Maharashtra secured 54 MoUs worth Rs 15.70 lac cr in investments, with MMRDA alone signing 11 MoUs valued at Rs 3.50 lac cr. “These agreements reflect global confidence in Maharashtra’s investment potential,” he noted.
Highlighting key projects, Shinde said that Rs 2,684 cr has been earmarked for the Thane-Borivali 4-lane subway, Rs 1,813.40 cr for the Orange Gate-Eastern Freeway-Marine Drive underpass, and Rs 2,000 cr for the Uttan-Virar Coastal Project.
“The budget sets a milestone for Mumbai’s journey to becoming a global financial hub, ensuring integrated and rapid development, reducing travel time, and easing congestion,” he added.