PUNE (Metro Rail News): Pune Metro Rail Project progressed as the European Investment Bank (EIB) has granted a top-up loan of 49.5 millions Euros for Pune Metro Project.
An official from the Pune Metro mentioned that this additional financing will supplement the EIB’s previous €600 million investment which covers the development of two Metro lines totalling 33.2km, 30 stations and 102 modern Metro cars for PCMC to Swargate and Vanaz to Ramwadi stretches as reported by The Indian Express.
In a parallel move, the EIB has also approved a €240 million loan for the expansion of the Nagpur Metro.
EIB Vice-President Nicola Beer said “By extending Nagpur’s Metro and further supporting Pune’s network, we are helping to deliver cleaner air, safer travel and faster connections for millions of people. These projects show how European financing can have a direct impact on people’s daily lives while supporting India’s green transition and climate goals. With more than 3.6 billion Euros committed since 2016, India remains our largest transport partner outside Europe under the EU Global Gateway strategy”.
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