The Mira-Bhayandar Municipal Corporation (MBMC) has received approval in principle for its application for Rs 5 billion as a loan from Bank of Baroda to concretize its road network throughout the twin city, taking a step toward clearing the twin city of potholes. The state's urban development department (UDD) has passed a government decision allowing the MBMC to obtain the loan from the banking organization in November 2022. The MBMC has drawn up an accurate roadmap to concretize 67 roads after a thorough investigation.

The road concrete project is expected to cost around Rs 10 billion. A resolution approved by the former general body will allow the twin city to begin concreting 45 roads. The city government, which was facing a severe financial crisis due to the significant investments in medical infrastructure needed to combat the COVID pandemic, had asked the state government for permission to raise money to carry out the initial phase of the project.

"Our goal is to provide superior quality roads to citizens. Tenders for the first phase of the work will be issued soon," said Dilip Dhole, municipal commissioner, MBMC. Although the loan has a term of 10 years, the correct interest rate is unclear. The state government's approval came with a number of conditions, including the payment of all outstanding installments on existing loans, an increase in revenue, the creation of new sources of funding, a prohibition against digging on freshly concreted roads, prompt repayment in accordance with the lender's loan structure, and a prohibition against diverting loan funds for any other use. The Mumbai Metropolitan Region Development Authority (MMRDA) will build the remaining roads.