+
EIB approves loan of €150 million for Pune's metro rail network
RAILWAYS & METRO RAIL

EIB approves loan of €150 million for Pune's metro rail network

The European Investment Bank announced a €150 million, 20-year loan to help Pune's metro rail construction. More than three million residents of Pune will be able to travel more easily as a result of this.

The project's implementing organisation is the Maharashtra Metro Rail Corporation. For Pune's three million residents, this will simplify travel.

With a total investment of €500 million from the EIB, 31.25 km of metro construction and 30 stations will be built, serving 159 million passengers annually. Travel time will be shortened, inexpensive and accessible transportation will be provided for all, the city's quality of life and business climate will improve, and greenhouse gas emissions will be decreased. The safety of female travellers will be increased by a number of focused actions.

The Pune metro will generate at least 900 new jobs once it is finished in 2023. Together with Agence Française de Développement, the initiative is co-financed (AFD).

The EU's Global Gateway Initiative, which supports initiatives that strengthen global and regional connectivity in the digital, climate, transport, health, energy, and educational sectors, includes this project, which supports sustainable transportation and climate action.

After it is completed, the EIB-backed Pune metro rail will make it easier for the more than 3 million residents of the city to move. Investment in sustainable transportation, backed by a total loan of € 500 million, offers more accessible and cost-effective access to markets, employment, healthcare, and education while preserving the environment and enhancing municipal air quality.

Also read:
Indore Metro to be started by September 2023
MPMRCL expands workforce to meet Indore Metro Project's deadline


The European Investment Bank announced a €150 million, 20-year loan to help Pune's metro rail construction. More than three million residents of Pune will be able to travel more easily as a result of this. The project's implementing organisation is the Maharashtra Metro Rail Corporation. For Pune's three million residents, this will simplify travel. With a total investment of €500 million from the EIB, 31.25 km of metro construction and 30 stations will be built, serving 159 million passengers annually. Travel time will be shortened, inexpensive and accessible transportation will be provided for all, the city's quality of life and business climate will improve, and greenhouse gas emissions will be decreased. The safety of female travellers will be increased by a number of focused actions. The Pune metro will generate at least 900 new jobs once it is finished in 2023. Together with Agence Française de Développement, the initiative is co-financed (AFD). The EU's Global Gateway Initiative, which supports initiatives that strengthen global and regional connectivity in the digital, climate, transport, health, energy, and educational sectors, includes this project, which supports sustainable transportation and climate action. After it is completed, the EIB-backed Pune metro rail will make it easier for the more than 3 million residents of the city to move. Investment in sustainable transportation, backed by a total loan of € 500 million, offers more accessible and cost-effective access to markets, employment, healthcare, and education while preserving the environment and enhancing municipal air quality. Also read: Indore Metro to be started by September 2023 MPMRCL expands workforce to meet Indore Metro Project's deadline

Related Stories

Gold Stories

Next Story
Real Estate

Elevate Homes to Develop Premium Project in Gurugram

Elevate Homes, the integrated residential development platform established by Hines and Conscient Infrastructure, will develop a premium residential project in Sector 63A, Golf Course Extension Road, Gurugram. Spread across 10.5 acres with around two million sq. ft. of saleable area, the project is planned for launch later in 2026.Designed by global architecture firm Benoy, the development will feature globally inspired architecture, nature-led design and curated wellness-focused spaces. The project will offer more than 600 three- and four-bedroom residences, with a focus on liveability, susta..

Next Story
Real Estate

BPTP Skynest Wins Premium High-Rise Development Award

BPTP Limited has been recognised with the ‘Premium High-Rise Development of the Year’ award for its residential project BPTP Skynest at the Times Realty & Infrastructure Conclave 2026, held at Grand Hyatt, Gurugram.Located in Sector 80, Greater Faridabad, BPTP Skynest is designed as a premium high-rise residential development featuring contemporary architecture, thoughtfully planned homes and lifestyle-oriented amenities. The project comprises 504 residential units and incorporates biophilic design elements through 20 dedicated Sky Nests, landscaped green spaces integrated within the t..

Next Story
Real Estate

Dubai Buyers Seek Independent Property Transfer Services

Dubai’s property market is witnessing growing discussions around the role of independent transfer services, as some leading brokerages require buyers to pay conveyancing or sales-progression fees even when the service is managed within the same business group holding the seller’s mandate.The practice has gained attention as brokerage websites promote such services, while LinkedIn and Instagram profiles highlight dedicated sales-progression teams operating within agencies. Industry observers point out that the concern is not about the capability of in-house conveyancers but whether buyers s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code