Archive · 23 Sep 2026
BMC Seeks Alternative Financing Amid ₹2 Lakh Crore Liabilities
Mumbai’s civic body needs more money to pay for several large infrastructure projects.
These include roads, tunnels and sewage treatment upgrades.
The BMC says it has more than ₹2 lakh crore in committed liabilities.
It has fixed deposits, but much of that money is reserved for pensions, contractor deposits and other obligations.
Only about ₹39,500 crore is readily available for infrastructure.
The projects together are expected to cost nearly four times that amount.
The BMC wants to hire an agency to design a funding plan and debt policy.
The agency may help raise money through bonds, government support, loans and carbon credits.
The Brihanmumbai Municipal Corporation invited tenders for an agency to raise funds through alternative financing mechanisms.
The agency will prepare a Capital Investment Plan and Debt Management Policy for the civic body.
Proposed financing options include municipal, green, sustainability, social and sustainability-linked bonds.
The BMC has more than ₹2 lakh crore in committed liabilities linked to major infrastructure projects.
Of its ₹77,810 crore in fixed deposits, about ₹39,500 crore is available for infrastructure after internal liabilities are accounted for.
- Who
- The Brihanmumbai Municipal Corporation is seeking financial support and advice from a Project Implementing Agency.
- What
- The civic body invited tenders for an agency to develop financing strategies, manage debt and help mobilise funds for infrastructure projects.
- When
- The tender was invited on Tuesday, September 22, 2026.
- Where
- Mumbai, Maharashtra, India.
- Why
- Major infrastructure projects have created significant financial pressure, while much of the BMC’s reserves are tied to internal liabilities.
- Committed liabilities
- More than ₹2 lakh crore
- Fixed deposits
- Approximately ₹77,810 crore
- Reserves available for infrastructure
- Approximately ₹39,500 crore
- Projects mentioned
- Mumbai Coastal Road–North, Goregaon-Mulund Link Road twin tunnels and sewage treatment plant upgrades
- Planned agency
- Project Implementing Agency
- Financial instruments
- Municipal, green, sustainability, social and sustainability-linked bonds
- Financial plans
- Capital Investment Plan and Debt Management Policy