EIB approves fund for ₹4,511-cr Pune metro project

pune metro project
The European Investment Bank (EIB) has accepted to fund 60% of the total cost of extension of the Pune Metro project, which entails ₹4,511 crores. 10% of the project's finance will come from the federal government, 15% from the state, and the other 60% from the civic organizations in Pune and Pimpri Chinchwad. The Centre and State governments share ownership of the Maha Metro in 50:50 ratio.

PCMC-Nigdi extension line will cost ₹911 crore and the 5.464-km Swargate-Katraj line involves ₹3,600 crore costs. Maharashtra state government has authorised the comprehensive project report for the 9.77-km extension of Phase 1 of the Pune Metro, and the Centre is still required to give final clearance.
Published on 09 September 2022
Your feedback How useful is this information?
MGS Architecture Previous Issues
Concrete Construction Previous Issues
NBM&CW Previous Issues
Lifting & Specialized Transport Previous Issues
Indian Infrastructure & Tenders Week Previous Issues