Pune Metro: European Investment Bank Sanctions Second Tranche Of Rs 1,335 Crore
Pune Metro route map (@ WildTrails/Twitter)
The European Investment Bank (EIB) has committed a second portion of Rs 1,335 crore for Pune Metro Rail Project,
Economic Timesreports.
This funding from the EIB will be used for the construction and operational purposes of the Corridor 1 (North-South)-Pimpri Chinchwad Municipal Corporation (PCMC) to Swargate and also Corridor 2 (West-East)-Vanaz (Kothrud) to Ramvadi. It will also be used to procure metro coaches.
The entire route is 31.25 km long.
The Pune Metro Rail Project seeks to roll out an economic, safe, efficient and pollution-free mass rapid transit system to the city which currently has only heterogeneous traffic options. The Maharashtra Metro Rail Corporation Ltd (MAHAMETRO) is the concerned implementing agency for the project.
Pune Metro Rail: India, European Investment Bank Sign Contract For Second Tranche Of Funding For The Project
Pune Metro construction. (pic via Facebook)
The Indian government and the European Investment Bank (EIB) on Friday (7 May) signed the finance contract for second tranche of 150 million euros for the Pune Metro Rail project, through a virtual signing ceremony.
The signing ceremony was held in the presence of Portugal s Secretary of State for Foreign Affairs and Cooperation, Francisco Andre, and EIB President Werner Hoyer, with Additional Secretary, Economic Affairs, K. Rajaraman, signing the loan on behalf of India, and EIB Vice President Christian Kettel Thomsen, on behalf of the EIB.
05/07/2021 | Press release | Distributed by Public on 05/08/2021 14:05
Government of India and European Investment Bank sign finance contract for second tranche of Euro 150 million for Pune Metro Rail project
Ministry of Finance
Government of India and European Investment Bank sign finance contract for second tranche of Euro 150 million for Pune Metro Rail project
Posted On: 07 MAY 2021 7:38PM by PIB Delhi
The Government of India (GoI) and European Investment Bank (EIB) here today signed the finance contract for second tranche of Euro 150 million for Pune Metro Rail project through a virtual signing ceremony. The signing ceremony was held in the presence of H.E. Mr. Francisco Andre, Secretary of State for Foreign Affairs and Cooperation, Portugal and H.E. Mr. Werner Hoyer, President EIB. Shri K. Rajaraman, Additional Secretary, Department of Economic Affairs, Ministry of Finance, signed the loan on behalf of Government of India and Mr. Christian Kettel Thomsen, Vice-President, s
India, EIB sign contract for second tranche of funding for Pune Metro Rail
By IANS |
Published on
Fri, May 7 2021 22:42 IST |
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Hyderabad Metro Rail advisory to passengers. Image Source: IANS News
New Delhi, May 7 : The Indian government and the European Investment Bank (EIB) on Friday signed the finance contract for second tranche of 150 million euros for the Pune Metro Rail project, through a virtual signing ceremony.
The signing ceremony was held in the presence of Portugal s Secretary of State for Foreign Affairs and Cooperation, Francisco Andre, and EIB President Werner Hoyer, with Additional Secretary, Economic Affairs, K. Rajaraman, signing the loan on behalf of India, and EIB Vice President Christian Kettel Thomsen, on behalf of the EIB.
Pune Metro Rail Project: Govt, EIB sign finance contract for second tranche of Euro 150 million
Twitter/@metrorailpune
The Government of India (GoI) and European Investment Bank (EIB) on Friday signed the finance contract for second tranche of Euro 150 million for Pune Metro Rail project through a virtual signing ceremony.
EIB had approved the total loan of Euro 600 million to fund the Pune Metro Rail project. The Finance Contract for first tranche of Euro 200 million was signed between GoI and EIB on 22.7.2019. The project aims to provide efficient, safe, economic and pollution-free Mass Rapid Transit System in densely populated area in the city of Pune served with heterogeneous traffic options.