Funding for the expansion of the Pune Metro gets approved

05 Sep 2022 CW Team

The European Investment Bank (EIB) has given Maharashtra Metro Rail Corporation (Maha Metro) an in-principle approval for funding the extension of the Pune Metro project. The EIB had showed interest in funding the two expansion projects and would be providing roughly 60% of the project cost. An estimated Rs 45.11 billion will be needed to complete the Pune Metro Phase I project's extension.

The governments of India and Maharashtra share ownership of the corporation Maha Metro 50:50. 10% of the project's finance will come from the federal government, 15% from the state, and the other 60% from the civic organisations in Pune and Pimpri Chinchwad.

While the PCMC-Nigdi extension line will cost Rs 9.11 billion, the 5.464-km Swargate-Katraj line will cost Rs 36 bn. The Maharashtra state government has authorised the comprehensive project report for the 9.77-km extension of Phase 1 of the Pune Metro, and the Centre is still required to give final clearance.

The first phase of the 33.2 km long, Rs 114.2 bn Pune Metro was partially funded by loans of Rs 58 bn from the EIB and France's AFD (Agence Française de Développement).

Also read:
Pune Metro Line 3 to be operational by March 2025
Kochi Metro Rail to prepare DPR for Light Metro projects

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..