MMRDA secures Rs 7,326-crore loan for Orange Gate underground tunnel project
This tunnel will be the city’s first urban tunnel, running beneath key public transport routes, including railways, Metro lines and major city roads.
Union Bank of India’s backing ensures timely completion, boosting urban mobility for Mumbaikars, according to MMRDA. (File Photo) The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a loan of Rs 7,326 crore for its Orange Gate to Marine Drive underground tunnel project from the Union Bank of India.
This project will feature a 9.2-kilometre road designed to create a seamless connection between Orange Gate (Eastern Freeway) and Marine Drive coastal road. It will include a 6.52-km dual-tunnel system with a dedicated emergency lane, aimed at improving east-west connectivity and forming a ring route for South Mumbai.
On Wednesday, MMRDA commissioner Dr Sanjay Mukherjee officially signed the loan agreement. According to MMRDA, the financial backing from Union Bank of India ensures the project’s timely completion, which will significantly enhance urban mobility for Mumbaikars.
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