ASEAN Infrastructure Investment Bank (AIIB) is likely to loan Rs 3500 crore to Mumbai Railway Vikas Corporation (MRVC) for the Mumbai Urban Transport Project-3. MUTP-3 is worth nearly 11000 crore and included two new suburban corridors, quadrupling of an existing one and other projects. Earlier, World Bank was expected to shoulder most of the cost of the project with a loan of Rs 7000 crore. The rest of the responsibility was supposed to be taken by the state government and the centre. According to the Railway budget of 2018-19, Rs 519 crore had been sanctioned for this project. Talks hit a roadblock when the World Bank wanted the Panvel-Virar elevated corridor, which is included in MUTP-3A, to be included in MUTP-3.