|
|
|
|
India, EIB sign contract for second tranche of funding for Pune Metro Rail
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 09 May, 2021
The Indian government and the European Investment Bank (EIB) on Friday
signed the finance contract for second tranche of 150 million euros for
the Pune Metro Rail project, through a virtual signing ceremony.
The
signing ceremony was held in the presence of Portugal's Secretary of
State for Foreign Affairs and Cooperation, Francisco Andre, and EIB
President Werner Hoyer, with Additional Secretary, Economic Affairs, K.
Rajaraman, signing the loan on behalf of India, and EIB Vice President
Christian Kettel Thomsen, on behalf of the EIB.
The EIB had
approved the total loan of 600 million euros to fund the Pune Metro Rail
project. The finance contract for first tranche of 200 million euros
was signed on July 22, 2019.
The project aims to provide an
efficient, safe, economic and pollution-free Mass Rapid Transit System
in densely-populated area in the city of Pune served with heterogeneous
traffic options.
The financing will help to fund construction and
operation of Corridor 1 (North-South) - Pimpri Chinchwad Municipal
Corporation (PCMC) to Swargate, and Corridor 2 (West-East) -Vanaz
(Kothrud) to Ramvadi, totalling 31.25 km and related purchase of a fleet
of metro cars.
Further, the project will serve a large
population which consisting of working class in providing urban mobility
for their livelihood.
The Maharashtra Metro Rail Corporation Ltd (MAHAMETRO) is the implementing agency for this project.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
|
|
| Daily Poll |
 |
 |
| Will the new MSME credit assessment model simplify financing? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
