Pune Metro Rail Project: India signs contract with EIB for second tranche

10 May 2021 CW Team

The Government of India and the European Investment Bank (EIB) have signed the finance contract for the second phase of the Rs 1,338 crore Pune Metro Rail Project through a virtual signing ceremony.

The EIB had approved a total loan of Rs 5,352 crore to fund the Pune Metro Rail Project. The Rs 1,784-crore finance contract for the first phase was signed between the Government of India and EIB on July 22, 2019.

The project aims to provide an efficient, safe, economic and pollution-free Mass Rapid Transit System in densely populated areas in the city of Pune served with heterogeneous traffic options.

The financing from EIB will aid the funding of the construction and operation of Corridor 1 (North-South)-Pimpri Chinchwad Municipal Corporation (PCMC) to Swargate and Corridor 2 (West-East)-Vanaz (Kothrud) to Ramvadi, a total of around 31.25 km and related purchase of a related fleet of metro cars. Additionally, the project will serve a large population, consisting of the working class, in providing urban mobility for their livelihood. The Maharashtra Metro Rail Corporation Ltd (MMRCL) also known as Maha Metro, is the implementing agency for this project.

The European Investment Bank is the European Union's (EU) investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world.

Image Source

Also read: Pune Metro’s Mangalwar Peth Station designed on Tekla software

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..