<p>In a major decision, the Maharashtra government on Saturday in-principle okayed a proposal of the Mumbai Metropolitan Region Development Authority (MMRDA) to raise Rs 60,000 crore loan for executing infrastructure projects in the financial capital of India and its suburbs. </p>.<p>The decision was taken at the Cabinet meeting presided over by Maharashtra Chief Minister Eknath Shinde and attended by Deputy Chief Minister Devendra Fadnavis. </p>.<p>Besides okaying plans of MMRDA to raise Rs 60,000 crore, the government has also decided to stand guarantee for the first tranche of Rs 12,000 crore. </p>.<p>The MMRDA is executing various projects like the Mumbai Metro and Mumbai Trans Harbour Link and a series of road projects that would criss-cross the MMR.</p>
<p>In a major decision, the Maharashtra government on Saturday in-principle okayed a proposal of the Mumbai Metropolitan Region Development Authority (MMRDA) to raise Rs 60,000 crore loan for executing infrastructure projects in the financial capital of India and its suburbs. </p>.<p>The decision was taken at the Cabinet meeting presided over by Maharashtra Chief Minister Eknath Shinde and attended by Deputy Chief Minister Devendra Fadnavis. </p>.<p>Besides okaying plans of MMRDA to raise Rs 60,000 crore, the government has also decided to stand guarantee for the first tranche of Rs 12,000 crore. </p>.<p>The MMRDA is executing various projects like the Mumbai Metro and Mumbai Trans Harbour Link and a series of road projects that would criss-cross the MMR.</p>