Housing and Urban Development Corporation Limited (HUDCO) signed a MoU with Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra in Mumbai.
The MoU establishes a framework for cooperation between HUDCO and MMRDA wherein HUDCO shall explore and provide funds up to Rs.1,50,000 Crore over a period of five years for development of infrastructure projects to be implemented by MMRDA in Mumbai Metropolitan Region.
Further, HUDCO will also extend Consultancy services and Capacity Building activities to meet the emerging requirements of MMRDA.
The MoU was signed in presence of Devendra Fadnavis, Chief Minister of Maharashtra, Eknath Shinde, Deputy Chief Minister, Maharashtra, Sanjay Kulshrestha, Chairman & Managing Director, HUDCO, Dr. Sanjay Mukherjee, VC & MD MMRDA and other dignitaries.
