The Mumbai Metropolitan Region Development Authority (MMRDA) signed 11 memoranda of understanding (MoUs) worth $40 billion (approximately Rs 3.5 lakh crore) at the World Economic Forum (WEF) in Davos, aiming to reshape infrastructure in the Mumbai Metropolitan Region (MMR).
The investments focus on urban transport, regional development and advanced technologies, promising economic growth and improved living standards in the next 3-5 years.
One MoU was signed with Crossrail International (UK) and the UK Department for Transport to study and optimise transport infrastructure in the region. The University of Birmingham will support MMRDA in achieving sustainable urban transport.
