| Project Detail |
The project concerns the second phase of Nagpur Metro Rail project that will connect the satellite towns of Nagpur city in the state of Maharashtra in India. It will serve as an extension to the ongoing first phase, with four extensions (North, South, East and West) totalling 44km and 32 stations.
Objectives
The project will contribute to two main objectives: (i) climate change mitigation, by promoting modal shift from road to rail and thereby a reduction of GHG emissions; and (ii) the development of social and economic infrastructure by making a key contribution to urban development, thereby improving the business environment for private sector development and facilitating access to amenities and jobs. The project is in line with the EU Country Strategy Paper for India which highlights the infrastructure gap and need to address rising greenhouse gas emissions. It supports two main objectives of EIB External Mandate: (i) climate change mitigation, by promoting modal shift from road to rail while reducing greenhouse gas emissions, and (ii) social and economic infrastructure development, by contributing to urban development.
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 240 million
Total cost (Approximate amount)
EUR 780 million |
