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    Signature(s)

    Amount
    € 350,000,000
    Countries
    Sector(s)
    India : € 350,000,000
    Transport : € 350,000,000
    Signature date(s)
    7/05/2021 : € 150,000,000
    22/07/2019 : € 200,000,000

    Summary sheet

    Release date
    26 July 2018
    Status
    Reference
    Signed | 22/07/2019
    20160327
    Project name
    Promoter - financial intermediary
    PUNE METRO RAIL PROJECT
    MAHARASHTRA METRO RAIL CORPORATION LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 600 million
    EUR 1770 million
    Location
    Sector(s)
    Description
    Objectives

    Construction of two metro lines totaling 31.3 km and 30 stations, as well as purchase of a related fleet of metro cars in Pune, Maharashtra State, West India.

    The proposed project will contribute to the two main objectives of EIB External Mandate: (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 consistent with the EU Country Strategy Paper for India which highlights the infrastructure gap and need to address rising GHG emissions. It will contribute to make Pune safer and more business-friendly through low carbon and climate resilient urban infrastructure and improved access.

    Environmental aspects
    Procurement

    If situated in the EU, the project would fall under Annex II of the EIA Directive and would be subject to screening. In India, metro projects do not fall within the scope of the relevant EIA legislation unless the built up area is beyond a defined threshold, in which case the project is subject to screening by the State level Competent Authority. The status of screening, if any, is to be determined during appraisal. The project has in any case been subject to an environmental and social impact assessment. The further steps in assessing and managing environmental risks are to be reviewed during appraisal. The project requires the acquisition of about 44 ha of land and entails some permanent involuntary resettlement. Compliance with relevant EIB Social Standards is to be reviewed.

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - PUNE METRO RAIL PROJECT
    Publication Date
    8 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    85503465
    Document Focus
    Environmental Information
    Project Number
    20160327
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - PUNE METRO RAIL PROJECT - Resettlement Policy Framework – Pune Metro Rail Project (North-South and East-West)
    Publication Date
    21 Oct 2019
    Document language
    Main Topic
    Lending
    Document Number
    123578566
    Document Focus
    Environmental Information
    Project Number
    20160327
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - PUNE METRO RAIL PROJECT - Final ESIA & ESMP Report
    Publication Date
    2 Nov 2021
    Document language
    Main Topic
    Lending
    Document Number
    129227625
    Document Focus
    Environmental Information
    Project Number
    20160327
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

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