Rs 12,000 Crore from BMC Fixed Deposits Allocated for Mumbai Infrastructure Projects

Maharashtra Industries Minister Uday Samant stated that Rs 12,000 crore from Brihanmumbai Municipal Corporation's fixed deposits (FDs) has been allocated for Mumbai's infrastructure projects, with Rs 5,500 crore reserved for pension obligations. The BMC's FDs rose from Rs 62,195 crore in 2017 to Rs 91,690 crore in 2022, then declined to Rs 81,134 crore in 2026. Phase I and II infrastructure projects show completion rates of 79.74% and 56.52%, respectively. Transparency measures include action on a Rs 65-crore irregularity in the Mithi River project. The state also reported MoUs worth Rs 31.25 lakh crore in 2026, with 70-80% involving foreign direct investment and a higher implementation rate than the national average.