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Maharashtra Approves ₹48K Crore MMRDA Budget, 75% for Metro & Flyovers

Maharashtra Deputy Chief Minister Eknath Shinde announced the approval of the Mumbai Metropolitan Region Development Authority's (MMRDA) ₹48,000 crore budget, marking its first surplus since 2017-18. He highlighted that 75% of the funds are earmarked for metro and road flyover projects to alleviate traffic and support national development goals. The authority also plans new dams at Poshir and Shillar, focusing on water, environment, and job creation. This follows MMRDA's recent success at Davos, where it secured $96 billion in investment MoUs expected to generate nearly a million jobs.

Key Points: MMRDA Budget: 75% for Mumbai Metro, Flyovers | ₹48K Crore Approved

  • ₹48,000 crore MMRDA budget approved
  • 75% for metro & flyover development
  • New dams Poshir & Shillar planned
  • Davos MoUs secured $96 billion investment
2 min read

"75 per cent is allocated to Metro and road flyovers...": Maharashtra Dy CM Eknath Shinde on MMRDA's budget

Maharashtra Deputy CM Eknath Shinde announces MMRDA's ₹48,000 crore budget, with 75% allocated to metro and flyover projects for Mumbai's infrastructure boost.

"75 per cent is allocated to Metro and road flyovers to provide significant relief - Eknath Shinde"

Mumbai, February 17

Maharashtra Deputy CM Eknath Shinde on Monday said that the Mumbai Metropolitan Region Development Authority's budget of Rs. 48 thousand crores has been approved today, with 75 per cent allocated for Metro and flyover development.

"The MMRDA for this year is Rs 48 thousand crores, and it has been approved today, first surplus budget since 2017-18... The graph shows significant improvement. Of the funds being spent, 75 per cent is allocated to Metro and road flyovers to provide significant relief and to work to fulfil PM Modi's resolve of Viksit Bharat by 2047..." Dy CM said.

Further, speaking on the future projects, Shinde stated that two new dams, Poshir and Shillar, are in the process of development. There is a focus on environment, infrastructure, and job creation.

"Along with planning of drinking water and traffic arrangements, there is also planning of the environment. Environment is our pro-environmental development; hence, it has been given priority. In this, 2 dams, Poshir and Shillar, will be constructed; their work will also start soon. MMRDA has also made a provision of Rs. 500 crore for Kalu Dam. ... Due to these future projects, people living in Mumbai and the Mumbai Metropolitan Region (MMR) will get a lot of relief. Tersari Mumbai is being built near Navi Mumbai Airport... development will take place there too through MMRDA... More job opportunities will arise..." he said.

Meanwhile, MMRDA achieved a historic milestone at the World Economic Forum (WEF) Annual Summit 2026 in Davos, securing investment commitments worth USD 96 billion (Rs 8.73 lakh crore) on the very first day through the signing of 10 major Memoranda of Understanding (MoUs).

The landmark agreements are expected to generate approximately 9.6 lakh direct and indirect jobs, positioning the Mumbai Metropolitan Region (MMR) as the talent capital of India and Asia.

The MoUs were signed in the presence of Chief Minister Devendra Fadnavis, with Sanjay Mukherjee, IAS, Metropolitan Commissioner, MMRDA, representing the authority.

The agreements span infrastructure, logistics, fintech, digital ecosystems, sports, education, sustainability, and advanced urban technologies.MMRDA signed an MoU worth USD 45 billion with SBG Group to develop integrated logistics, industrial and digital infrastructure hubs across MMR, which is expected to generate 4.5 lakh jobs over 10 years.

- ANI

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Reader Comments

P
Priyanka N
Rs. 48,000 crores is a massive amount. While Metro expansion is needed, I hope they don't neglect basic civic issues like waterlogging during monsoons and waste management. The dams are a good step for water security.
R
Rahul R
$96 billion in investments at Davos? That's incredible for MMR! If this brings 9.6 lakh jobs, it's a game-changer for the youth. Mumbai can truly become a global talent hub. Fingers crossed the projects materialize on time.
S
Sarah B
As someone who works in Navi Mumbai, the promise of "Tersari Mumbai" near the new airport is exciting. Better connectivity and job opportunities in that region will ease the pressure on the main island city. Sustainable development is key.
A
Aman W
Good to see a surplus budget after so long. But the proof will be in the pudding. We've heard big numbers before. I respectfully request the authorities to provide regular, public updates on project progress and fund utilization. Accountability is important.
K
Kavya N
The focus on environment alongside infrastructure is a welcome change. Constructing dams and planning pro-environmental development is the need of the hour. Hope the green cover is preserved amidst all this concrete expansion. 🌿

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