€600m EIB loan finances Pune metro rail upgrade

In:

Social infrastructure

Region:

Asia-Pacific

The European investment Bank will invest €600 million in the construction of two new lines of the metro rail and acquisition of 102 modern metro cars in Pune, India.

Pune metro system will have 31km of tracks, both over- and underground, with 30 stations, and increase the coverage of the public city transport network. The new metro rail system will reduce commuting hours for more than three million people living in the city.

The project will support India achieve a number of UN Sustainable Development Goals, namely SDG 13 (Climate Action), SDG 11 (Sustainable cities) and SDG 5 (gender equality).

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