What can be termed as an important update regarding the Orange Gate - Marine Drive underground tunnel road project that will help in solving the traffic issue in south Mumbai, MMRDA has secured Rs 7326 Crore Loan for the tunnel at a Competitive Rate of Interest (ROI). 

According to MMRDA officials, it has successfully secured financial closure for the Underground Orange Gate to Marine Drive Tunnel Road, with 7326 crores sanctioned by Union Bank of India, Large Corporate Branch, Mumbai.