Third Mumbai: MMRDA signs agreement with Singapore’s Surbana Jurong to shape master plan
The Mumbai Metropolitan Region Development Authority has partnered with Singapore’s Surbana Jurong to create a master plan for 'Third Mumbai,' a new urban development project. The initiative aims to attract significant foreign investment and leverage international urban planning expertise.
Why it matters
This project represents a major infrastructure push to expand Mumbai's economic capacity and urban infrastructure to support future growth.
Mumbai Metropolitan Region Development Authority (MMRDA) has signed an agreement with Singapore’s Surbana Jurong Infrastructure Ltd. to develop the Master Plan for Mumbai 3.0 within 30 weeks, and Raigad-Pen Growth Centre Limited (RPGCL) has signed with Mapletree to develop a 100-acre mixed-use project.
The agreement consists of an Inception Plan, Existing Situation Analysis, Vision Plan, Draft Concept Land Use Plan, stakeholder consultations and Final Concept Plan to examine existing land use, road and mobility networks, demographics, socio-economic conditions, utilities, environmental features and public amenities before developing the long-term spatial and economic framework for the new city.
Mapletree will invest capital and working capital required for the project with the expectation of bringing more than $1.1 billion in Foreign Direct Investment (FDI) into the Raigad-Pen Growth Centre.
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