The authority plans to start development of two crucial Mumbai Metro lines, hence Mumbai Metropolitan Region Development Authority (MMRDA) has formally invited banks and financial institutions to express their interest in providing a long-term Rupee Term Loan of up to ₹14,100 crore.
MMRD About To Build Two Mumbai Metro Lines
In this regard, the Expression of Interest (EOI) notice released on 30 March 2026 which covers Metro Line 10 connecting Gaimukh to Shivaji Chowk in Mira Road, and Metro Line 12, which will run between Kalyan and Taloja.
Both of these two corridors together form a key pillar of the Mumbai Metropolitan Region’s long-term transit strategy reportedly.
Below is the tender information for the same.
| Tender Id | 2026_MMRDA_1291270_1 |
| Tender no | MMRDA/FA/EOI FUNDRAISING/METRO/2026 |
| Loan amount | ₹14,100 crore |
| Pre-bid meeting | 10 April 2026 |
| Final submission of In-Principle Sanction | 22 April 2026 |
When it comes to the Metro Line 10, it is going to run from Gaimukh to Shivaji Chowk in Mira Road, targeting the dense, rapidly urbanising belt along the Western Express Highway’s northern fringe. This is a zone that has grown faster than its infrastructure for decades.
On the other hand, Metro Line 12 will be connecting Kalyan to Taloja further bridging a critical gap in the MMR’s eastern suburban corridor. This is going to link two nodes that currently depend almost entirely on road connectivity.
MMRD Looking For Long-term Rupee Term Loans
As we know that MMRDA is explicitly seeking long-term Rupee Term Loans. This simply indicates that it is looking for domestic institutional capital rather than external commercial borrowing, again a structuring choice that has implications for interest rate exposure and repayment flexibility.
Besides this, it is a crucial procedural moment for rail infrastructure developers.
Basically, an EOI of this scale indicates that MMRDA is moving from planning to procurement and that the financial structuring of these two corridors is now a live process.
In the meantime, Indian Railways is preparing for its India’s prime exhibition and conference for metro & railways, which is going to be held on 21-22 May 2026 at Bharat Mandapam, New Delhi. This event is going to highlight how AI is bringing the next phase of sustainable urban rail mobility for Viksit Bharat at InnoMetro 2026.
