Frankfurt-based German state-owned development bank, KfW, is exploring funding opportunities for the infrastructure projects being undertaken in the megapolis by MMRDA.
A delegation of KfW officials, who are on a 10-day visit in India, have met the Mumbai Metropolitan Commissioner to discuss about the various infrastructure projects being undertaken by the Authority.
"They conducted 'Appraisal Mission' assessing various Metro projects in the city. The bankers were briefed on the Metro Line 4 and the multi-modal integration projects," MMRDA (Mumbai Metropolitan Region Development Authority) said in a statement issued here on Saturday.
The delegates also visits the sites that are presently under development and reacted positively to the future development plans of MMRDA.
"MMRDA is on a mission to create a Mumbai of the future. We are delighted to announce that Germany's third largest bank has expressed interest to fund our projects. This association will be a big boon to MMRDA's flagship project
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