The Brihanmumbai Municipal Corporation (BMC) may need to withdraw an additional Rs 3,000 crore from its fixed deposit if the Mumbai Metropolitan Regional Development Authority (MMRDA), requests a portion of the Metro project funding in April or May. In accordance with the state government`s urban development directive, BMC has already allocated Rs 1,000 crore to MMRDA for the city`s Metro project. The urban development department has instructed BMC to provide a total of R4,960 crores to MMRDA for the Metro railway project, with disbursements to be made in two installments.

"We have already paid Rs 1,000 crore. If MMRDA asks us to pay a second installment, we need to withdraw funds from the fixed deposit,` said an official.