The German state-owned development bank KfW has extended two loans totalling over €545 million (Rs 4,767 crore) to the Mumbai Metropolitan Region Development Authority (MMRDA) for infrastructure projects in Mumbai. The funds will be disbursed through an agreement with India’s Ministry of Finance and will be utilised to support two key mass transit projects in Mumbai. These projects are Metro line 4 from Wadala in central Mumbai to Kasarvadavli in Thane, and Metro line 4A that extends to the connectivity from Kasarvadavli to Gaimukh in Thane. This is part of the Mumbai Metropolitan Region Development Authority’s plan to build a 337-km metro rail network. The credit package consists of a development loan of €345 million and a promotional loan of €200 million.