Mumbai: BMC Seeks Alternate Financing To Fund Mega Projects Amid ₹2 Lakh Crore In Committed Liabilities
Mumbai, September 22, 2026: With major infrastructure projects straining its finances, the BMC is turning to alternate financing to shore up funds. On Tuesday, the civic body invited tenders to appoint a Project Implementing Agency (PIA) to mobilise funds through alternate and other financing mechanisms, besides advising it on financial strategy, debt management and institutional coordination.…
Mumbai, September 22, 2026 - The Brihanmumbai Municipal Corporation (BMC) is seeking alternative financing to fund its massive infrastructure projects amidst a staggering debt burden of over Rs 2 lakh crore. The civic body has issued a tender inviting bids for a Project Implementing Agency (PIA) to help secure funds through various financing mechanisms and devise financial strategies.
Major projects, such as the Mumbai Coastal Road-North, Goregaon-Mulund Link Road twin tunnels, and sewage treatment plant upgrades, are currently underway, but the BMC has limited reserves for infrastructure spending.
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