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    Signature(s)

    Amount
    € 650,000,000
    Countries
    Sector(s)
    India : € 650,000,000
    Transport : € 650,000,000
    Signature date(s)
    29/12/2020 : € 150,000,000
    31/08/2020 : € 200,000,000
    15/12/2023 : € 300,000,000
    Link to source

    Summary sheet

    Release date
    19 March 2020
    Status
    Reference
    Signed | 31/08/2020
    20190849
    Project name
    Promoter - financial intermediary
    KANPUR METRO PROJECT
    UTTAR PRADESH METRO RAIL CORPORATION LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 650 million
    EUR 1354 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns is the construction and operation of an urban metro rail transit system in Kanpur, the largest industrial city of Uttar Pradesh. EIB will finance the acquisition of rolling stock and the development of two metro rail corridors with elevated sections, totaling to 32.4 km with 31 stations (of which 19.4 km with 19 stations and 13 km with 12 underground stations).

    The new metro will contribute to make Kanpur safer and more business-friendly. By facilitating access to amenities and jobs, this low carbon and climate resilient urban infrastructure will improve the conditions for private sector development, while reducing environmental impact. The project contributes to the two main objectives of the 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. 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.

    Environmental aspects
    Procurement

    In India, metro projects do not fall within the scope of the relevant Environmental Impact Assessment (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. 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.

    Link to source
    Summary sheet

    Disclaimer

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

    Documents

    Environmental and Social Impact Assessment (ESIA) - KANPUR METRO PROJECT
    Publication Date
    27 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    130796761
    Document Focus
    Environmental Information
    Project Number
    20190849
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - KANPUR METRO PROJECT
    Publication Date
    23 Jul 2020
    Document language
    Main Topic
    Lending
    Document Number
    129455212
    Document Focus
    Environmental Information
    Project Number
    20190849
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - KANPUR METRO PROJECT - Resettlement Policy Framework
    Publication Date
    12 Sep 2020
    Document language
    Main Topic
    Lending
    Document Number
    133360870
    Document Focus
    Environmental Information
    Project Number
    20190849
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - KANPUR METRO PROJECT - Social Impact Assessment
    Publication Date
    7 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    164984288
    Document Focus
    Environmental Information
    Project Number
    20190849
    Sector(s)
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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