Maharashtra Govt Approves ₹17,725-Crore Metro Line 13; MMRDA To Raise ₹13,294 Crore Through External Loans

On September 3, 2026, the Maharashtra government officially approved the Detailed Project Report (DPR) for Mumbai Metro Line 13, linking Mira-Bhayandar to Vasai-Virar. The total cost of the project, which includes a six-lane road-metro bridge over Vasai Creek, has been estimated at Rs 17,724.99 crore. The implementation will be overseen by the Mumbai Metropolitan Region Development Authority (MMRDA).

The financing strategy for the project largely depends on external borrowings, with MMRDA authorized to raise up to Rs 13,293.74 crore through bilateral and multilateral financial institutions and other agencies at concessional interest rates. The Maharashtra government will contribute Rs 2,810.36 crore through interest-free subordinate debt, covering a significant portion of various taxes and acquisition costs. MMRDA will also contribute Rs 593.63 crore.

The project includes Rs 1,382.57 crore allocated for interest during construction and Rs 1,884.49 crore for escalation, bringing the total project completion cost to Rs 17,724.99 crore. To ensure financial sustainability post-implementation, the government plans to generate revenue through several avenues, including additional Floor Space Index (FSI), increased development charges, additional stamp duty surcharge, commercial development, advertising, and other facilities.

These revenues are expected to constitute around 10% of the fare income and will be deposited in a Dedicated Urban Transport Fund to be used for loan repayment, maintenance, and future transportation projects.