MMRDA woos investors with Rs 1 lakh crore business opportunities in infrastructure
So far, MMRDA projects have been funded by federal agencies like World Bank, ADB, and JICA
Town planning authority MMRDA, which is developing infrastructure projects worth thousand of crores of rupees across the metropolitan region has invited both domestic and foreign investors to invest.
Mumbai Metropolitan Region Development Authority (MMRDA) Commissioner RA Rajeev met representatives of 16 global and domestic financial institutions including Goldman Sachs, Reliance, Avendus Capital and Tata AIA Life, among others.
"We are in a total development mode in Mumbai as also the metropolitan region and have undertaken various infrastructure projects including various metro corridors. There is an investment opportunity worth more than Rs 1 lakh crore," Rajeev said.
The authority has so far undertaken various mega projects such as Mumbai Trans Harbour Link, multi-modal corridor, transit-oriented development, multi-modal integration including the 14-line 337-km long metro network, among others.
So far, MMRDA projects have been funded by federal agencies like World Bank, Asian Development Bank and Japan International Cooperation Agency as they are being implemented on EPC basis.
The other investors who were present at the meeting were Enama Holdings, Nippon Life Asset Management, Nippon Life Company, Principal Asset Management, Suyash Advisors, Invesco Mutual Fund, IDBI Federal Life Insurance, Quantum Advisors, Aviva Life Insurance Co, HDFC Asset Management, Tata Asset Management and CPP Investment Board.