Mumbai highlights investment opportunities in urban transport infrastructure

Mumbai (Urban Transport News): The Mumbai Metropolitan Region Development Authority (MMRDA), on Wednesday day, held investor-meet – organized by Philip Capital – and highlighted investment opportunities to various representatives from sixteen companies. The investor meets was chaired by RA Rajeev, Metropolitan Commissioner, MMRDA. The companies that attended the meet are Tata AIA Life, Enama Holdings Pt. Ltd., Reliance, Nippon Life Asset Management Ltd., Nippon Life Company, Principal Asset Management Pvt.Ltd., Goldman Sachs, Suyash Advisors, Avendus Capital Public Markets, Invesco Mutual Fund, IDBI Federal Life Insurance Co.Ltd., Quantum Advisors Pvt.Ld., Aviva Life Insurance Co. India Ltd., HDFC Asset Management Co. Ltd., Tata Asset Management Ltd., and CPP Investment Board. Addressing the investor meets RA Rajeev, Metropolitan Commissioner, MMRDA, said,

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 rupees one lakh crore.

Further highlighting the mega projects such as Mumbai Trans Harbour Link Project, Multi-Modal corridor, transit-oriented development, multimodal integration including the 14-Line 337-km long Metro network, RA Rajeev said,

To provide improved mobility, connectivity, accessibility,  safety with comfortable travel is our motto.

The Metropolitan Commissioner further elaborated that the investors attending the meet were assured that the MMRDA’s projects are being implemented without cost and time overruns and thus they should extend finances to contracting agencies working with MMRDA without any doubt.

#MMRDAUpdate Hon. Metropolitan Commissioner RA Rajeev chaired three investment meetings in #BKC, highlighting the Investment Opportunities that MMRDA offers in the Mumbai Metropolitan Region. pic.twitter.com/HIIXbFApfm

— MMRDA (@MMRDAOfficial) September 25, 2019

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