Maharashtra Cabinet Extends Loan Deadline For Mumbai Metro Projects, Paves Way For Completion Of Line 2B

Mumbai: The Maharashtra state cabinet, chaired by Chief Minister Devendra Fadnavis, has approved an extension of the loan drawdown period from international financial institutions for three key Mumbai Metro corridors — Metro Line 2A (Dahisar East to D.N. Nagar), Metro Line 2B (D.N. Nagar to Mandale), and Metro Line 7 (Andheri East to Dahisar East).

The loans, sanctioned by the Asian Development Bank (ADB) and the New Development Bank (NDB), total USD 1,075.74 million (approximately Rs 8,400 crore). Of this, USD 549.25 million (Rs 4,304.43 crore) has already been utilized.

Initially, the Government of India had allowed loan drawdowns until June 30, 2025, for these metro projects. However, with Metro Lines 2A and 7 now operational and work on Metro Line 2B progressing steadily, the state government sought and received approval for an extension until December 31, 2026.

A significant portion of the funding from the ADB is being used to procure 96 metro trains, of which 60 have already been delivered. The deadline extension will allow for the acquisition of the remaining 36 metro trains, critical for the timely completion and commissioning of Metro Line 2B.

This move is expected to ensure uninterrupted progress in Mumbai’s metro infrastructure development and help alleviate the city’s growing transport demands.