+
UP metro projects will receive $3 billion investments from EIB
ECONOMY & POLICY

UP metro projects will receive $3 billion investments from EIB

The European Investment Bank (EIB) has extended its partnership with the Uttar Pradesh Metro Rail Corporation (UPMRC) by announcing plans to invest 3 billion euros in a number of upcoming metro projects in Uttar Pradesh.

In a recent meeting with the state chief minister, a six-member EIB delegation team expressed satisfaction with UPMRC's dedication to providing the people of Uttar Pradesh with world-class infrastructure and environmentally friendly transportation options. The Lucknow Metro Project, the Kanpur Metro Project, and the Agra Metro Project are three of the state's metro projects for which the EIB has already provided financial support.

It has pledged to provide financial support for 650 million euros, for the Kanpur Metro Project, and it has already given the Indian government 200 million euros for the project. The EIB will provide a loan of 450 million euros for the Agra Metro Project.

The EIB has promised to invest an additional 3 billion euros, up from the current 1.5 billion euros. The delegation also went to the UPMRC pavilion at GIS in Vrindavan Yojna and took the metro from Hazratganj to Transport Nagar Metro station during their trip. Six additional cities, including Gorakhpur, Pryagraj, Varanasi, Jhansi, Bareilly, and Meerut, will soon be served by the Uttar Pradesh Metro Rail Corporation.

The European Investment Bank (EIB) has extended its partnership with the Uttar Pradesh Metro Rail Corporation (UPMRC) by announcing plans to invest 3 billion euros in a number of upcoming metro projects in Uttar Pradesh. In a recent meeting with the state chief minister, a six-member EIB delegation team expressed satisfaction with UPMRC's dedication to providing the people of Uttar Pradesh with world-class infrastructure and environmentally friendly transportation options. The Lucknow Metro Project, the Kanpur Metro Project, and the Agra Metro Project are three of the state's metro projects for which the EIB has already provided financial support. It has pledged to provide financial support for 650 million euros, for the Kanpur Metro Project, and it has already given the Indian government 200 million euros for the project. The EIB will provide a loan of 450 million euros for the Agra Metro Project. The EIB has promised to invest an additional 3 billion euros, up from the current 1.5 billion euros. The delegation also went to the UPMRC pavilion at GIS in Vrindavan Yojna and took the metro from Hazratganj to Transport Nagar Metro station during their trip. Six additional cities, including Gorakhpur, Pryagraj, Varanasi, Jhansi, Bareilly, and Meerut, will soon be served by the Uttar Pradesh Metro Rail Corporation.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?