The Mumbai Metropolitan Region Development Authority (MMRDA) has signed 11 pivotal Memorandums of Understanding (MoUs) worth USD 40 billion (Rs 3.5 lakh crore) at the prestigious World Economic Forum (WEF) in Davos, Switzerland.

These investments, spanning urban transport, regional development, and cutting-edge technologies, will serve as a cornerstone for economic growth and enhanced quality of life in the region over the next 3-5 years, according to an official release. Marking its golden jubilee, MMRDA celebrated 50 years of transformative growth both locally and globally.