Maharashtra Govt Partners with ADB for Nagpur Metro Phase II Funding

27 Dec 2024 CW Team

Fadnavis expressed confidence in the project, highlighting its potential to accelerate Nagpur's growth and improve connectivity within the city and surrounding areas. He noted that the expansion aligns with the state’s vision of promoting sustainable urban transport solutions to meet rising demand. Phase II of the Nagpur Metro, which will receive joint funding from ADB and the European Investment Bank for a total of INR 3,586 crore, will be completed in two phases. ADB will contribute INR 1,527 crore, paid in Japanese Yen to take advantage of lower interest rates, with funds routed through the Union Ministry of Housing and Urban Affairs (MoHUA).

This phase will add 43.8 km to the metro network, covering four new routes: 18.5 km from Khapri to MIDC ESR, 13 km from Automotive Square to Kanhan River, 5.6 km from Prajapati Nagar to Transport Nagar, and 6.7 km from Lokmanya Nagar to Hingna.

Phase I of the Nagpur Metro, launched in 2019, covers 38 kilometres, benefiting thousands of daily commuters. This phase received INR 8,680 crore in investment, with support from international financial institutions, including ADB and Germany’s KfW.

The Phase II expansion will enhance connectivity to Nagpur’s expanding suburbs, benefiting over one million people by reducing commute times, alleviating congestion, and cutting pollution. Nagpur’s strategic location as a logistics and industrial hub underscores the importance of this development, expected to boost investment and job creation.

The partnership with ADB highlights Maharashtra’s commitment to leveraging international collaborations for sustainable infrastructure development, setting a model for other Indian cities.

The Maharashtra government has signed an agreement with the Asian Development Bank (ADB) for INR 1,527 crore in funding for Phase II of the Nagpur Metro project. The memorandum of understanding (MoU) was signed earlier this week at the Vidhan Bhavan's cabinet hall by MahaMetro Managing Director Shravan Hardikar and ADB Director Mio Oka, in the presence of Chief Minister Devendra Fadnavis. Fadnavis expressed confidence in the project, highlighting its potential to accelerate Nagpur's growth and improve connectivity within the city and surrounding areas. He noted that the expansion aligns with the state’s vision of promoting sustainable urban transport solutions to meet rising demand. Phase II of the Nagpur Metro, which will receive joint funding from ADB and the European Investment Bank for a total of INR 3,586 crore, will be completed in two phases. ADB will contribute INR 1,527 crore, paid in Japanese Yen to take advantage of lower interest rates, with funds routed through the Union Ministry of Housing and Urban Affairs (MoHUA). This phase will add 43.8 km to the metro network, covering four new routes: 18.5 km from Khapri to MIDC ESR, 13 km from Automotive Square to Kanhan River, 5.6 km from Prajapati Nagar to Transport Nagar, and 6.7 km from Lokmanya Nagar to Hingna. Phase I of the Nagpur Metro, launched in 2019, covers 38 kilometres, benefiting thousands of daily commuters. This phase received INR 8,680 crore in investment, with support from international financial institutions, including ADB and Germany’s KfW. The Phase II expansion will enhance connectivity to Nagpur’s expanding suburbs, benefiting over one million people by reducing commute times, alleviating congestion, and cutting pollution. Nagpur’s strategic location as a logistics and industrial hub underscores the importance of this development, expected to boost investment and job creation. The partnership with ADB highlights Maharashtra’s commitment to leveraging international collaborations for sustainable infrastructure development, setting a model for other Indian cities.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..