EIB Global strengthens support for sustainable metro transport with €289.5 million in financing for Nagpur and Pune
India, Oct. 15 -- The European Investment Bank (EIB), through its development branch EIB Global, has announced new financing totalling €289.5 million to expand sustainable metro networks in India. The financing package includes a €240 million loan for the Nagpur metro extension and a €49.5 million top-up loan for the Pune metro, further reinforcing the EIB's commitment to green, safe and inclusive urban transport in one of the world's fastest growing economies.The implementation of the two projects is expected to significantly enhance urban mobility by shifting passenger traffic from road-based transport to more sustainable metro systems. This modal shift will contribute to a substantial reduction in carbon emissions and u...
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