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.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

Equipment

11 Dec 2025

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

Equipment

11 Dec 2025

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..