{"id":506359,"date":"2022-07-18T10:20:56","date_gmt":"2022-07-18T04:50:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=506359"},"modified":"2022-07-18T10:57:09","modified_gmt":"2022-07-18T05:27:09","slug":"cabinet-allows-mmrda-to-raise-loan-up-to-rs-60000-cr-for-infra-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-allows-mmrda-to-raise-loan-up-to-rs-60000-cr-for-infra-projects\/","title":{"rendered":"Cabinet allows MMRDA to raise loan up to Rs 60,000 cr for infra projects"},"content":{"rendered":"<p>The Maharashtra Cabinet on Saturday gave in-principal approval to the Mumbai Metropolitan Regional Development Authority (MMRDA) to raise Rs 60,000 crore as loan to fund the ongoing big-ticket infrastructure projects in and around Mumbai.<\/p>\n<p>The government also announced it will stand as guarantor to the first tranche of the loan to be raised \u2013 worth Rs 12,000 crore \u2013 by waiving duties.<\/p>\n<p>Earlier, the MMRDA had appointed SBI Capital Market Limited as an advisor for its resource mobilisation plan and also approved SBI\u2019s appointment to raise Rs 60,000 crore needed to complete projects at a fee of 0.20 per cent of the total funds raised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Maharashtra Cabinet on Saturday gave in-principal approval to the Mumbai Metropolitan Regional Development Authority (MMRDA) to raise Rs 60,000 crore as loan to fund the ongoing big-ticket infrastructure projects in and around Mumbai. The government also announced it will stand as guarantor to the first tranche of the loan to be raised \u2013 worth Rs 12,000 crore \u2013 by waiving duties. Earlier, the MMRDA had appointed SBI Capital Market Limited as an advisor for its resource mobilisation plan and also approved SBI\u2019s appointment to raise Rs 60,000 crore needed to complete projects at a fee of 0.20 per cent [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-506359","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=506359"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506359\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=506359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=506359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=506359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}