EIB regional representation for South Asia

The European Investment Bank (EIB), through its development branch EIB Global, has announced new financing totalling €289.5 million to expand sustainable metro networks in India. The financing package includes a €240 million loan for the Nagpur metro extension and a €49.5 million top-up loan for the Pune metro, further reinforcing the EIB’s commitment to green, safe and inclusive urban transport in one of the world’s fastest growing economies.

EIB Global, the European Investment Bank’s development arm, is lending the Indian government $191 million to upgrade and expand water infrastructure in the northern state of Uttarakhand. The project is the first of its kind for EIB Global in India and covers water supply and sanitation in Uttarakhand, which is undergoing rapid growth in agriculture, manufacturing and tourism.    

The European Investment Bank’s development arm, EIB Global, is strengthening its longstanding partnership with India with three new financing packages to support clean water, sustainable urban mobility and climate action. Together, the transactions exemplify EIB Global’s commitment to India’s national development priorities alongside with advancing the EU Global Gateway strategy.