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Maharashtra secures $2.5 billion for Mumbai's Ring Road project to cut traffic, start next year.
Maharashtra has secured $2.5 billion in funding for the Mumbai Ring Road project, aimed at reducing traffic congestion and improving road quality.
Major lenders include the Rural Electrification Corporation Ltd., National Bank for Financing Infrastructure and Development, and India Infrastructure Finance Company Ltd. Construction will begin in the next financial year, with funds disbursed in stages.
This project aligns with Prime Minister Modi's focus on boosting the economy through infrastructure growth.
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Maharashtra asegura $2.5 billones para el proyecto Ring Road de Mumbai para reducir el tráfico, a partir del próximo año.