The Government of India (GoI) and European Investment Bank (EIB) on 7th May 2021 signed the finance contract for second tranche of Euro 150 million for Pune Metro Rail project through virtually. EIB had approved the total loan of Euro 600 million to fund the Pune Metro Rail project. The Finance Contract for first tranche of Euro 200 million was signed between GoI and EIB on 22.7.2019.The Maharashtra Metro Rail Corporation Ltd. (MAHAMETRO) is the implementing agency for this project.
About European Investment Bank (EIB)
Established : 1958
Headquarter : Luxembourg
The European Investment Bank is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure. The EIB was founded by the Treaty of Rome, which came into force on 1st January 1958.
Sources : PIB