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Pune Metro: European Investment Bank Sanctions Second Tranche Of Rs 1,335 Crore


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. ....

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India-EU leaders launch negotiations on trade, investment, GIs


India-EU leaders launch negotiations on trade, investment, GIs
New Delhi |
Updated on
Modi asks EU leaders to support IP waiver on Covid-19 medical products
Our Bureau India and the European Union agreed to resume free trade agreement (FTA) talks that were suspended eight years back and begin negotiations on trade and investment protection on parallel tracks at the India-EU Leaders’ Meeting held virtually on Saturday.
In the high-level meeting, attended by Prime Minister Narendra Modi, leaders of EU member states and heads of the EU and the EC, an agreement was also reached on starting negotiations on a separate agreement on geographical indications which could be concluded separately or integrated into the trade agreement. ....

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