The French Development Bank AFD and the Department of Economic Affairs (DEA) have signed a credit facility agreement to extend 245 million euros amounting to ₹2,000 crore for the Pune Metro rail project. It is being implemented jointly by MahaMetro and the state government at an estimated cost of ₹11,420 crore. An agreement would also be signed between Pune Metro and AFD France shortly, MahaMetro said in an official statement. The fund received from AFD would be used primarily to finance system packages, i.e. signaling, OHE, power supply, telecom, and some civil packages. The agreements were signed by additional secretary, DEA, C S Mohpatra and Regional Director, India & Bangladesh, AFD, Nicolas Fornage. For MahaMetro, the Pune Metro is the second project after Nagpur Metro (130m euros) to be financed by AFD under the Indo-French partnership.
📅Published on:
01 February 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
New Delhi, 16th April 2026: Gurugram’s real estate market is set for a significant recalibration in 2026, with predictive collector rate revisions indicating
The solar facility is primarily aimed at meeting the captive energy requirements of GAIL’s petrochemical plant at Pata, while also supporting additional demand
Brigade Group has signed a joint development agreement (JDA) for an 8.63-acre land parcel in Gunjur, advancing plans for a larger 39-acre integrated residential
Signature Global has announced its strategic collaboration with the iconic Italian lifestyle brand Tonino Lamborghini to develop a landmark premium residential
Global steel demand is expected to remain subdued in the near term, with the World Steel Association projecting marginal growth of just 0.3 per cent in 2026,
CNH, a global leader in agriculture and construction equipment, launched its new CSR initiative, ‘Sarovar Sanrakshan’ (pond conservation), at Sunpura, Greater
A heavy crane toppled during metro construction work at Bandra Kurla Complex in Mumbai early on Wednesday, causing traffic disruptions but no casualties.
In order to enhance the accuracy and reliability of data in the Electronic Toll Collection (ETC) system, National Highway Authority of India ( NHAI) has issued
Larsen & Toubro has dispatched its seventh 700 MWe steam generator to Nuclear Power Corporation of India Ltd to support nuclear power generation projects in
The American Concrete Pumping Association (ACPA) and the National Ready Mixed Concrete Association have announced a new partnership under the “We Are Safer
Union Road Transport and Highways Minister Nitin Gadkari has announced a series of road and connectivity projects in Uttarakhand, with a key focus on improving
Narendra Modi said that India’s annual infrastructure spending has increased more than sixfold, rising from less than Rs 2 lakh crore before 2014 to over Rs 12
