(AGENPARL) – gio 09 febbraio 2023 Public
https://www.eib.org/en/press/all/2023-049-eib-confirms-eur-150-million-backing-for-pune-metro-network
PRESS RELEASE
2023-049-EN
Mumbai, 8 February 2023
European Investment Bank confirms EUR 150 million backing for Pune metro network
– India largest beneficiary of EIB transport financing outside Europe
– EIB provided EUR 2.45 billion for transport across India since 2016
– Scheme to help cut pollution and carbon emissions, create jobs and improve safety of women passengers
Kris Peeters, Vice President of the European Investment Bank and Shri Brijesh Dixit, Managing Director of Maharastra Metro Rail Corporation, today confirmed a EUR 150 million 20-year loan to support construction of Pune city`s metro rail. This will improve travel for more than three million people living in the city of Pune.
The EIB support for transport in India includes EIB backing for metro investment in Agra, Bangalore, Bhopal, Kanpur and Lucknow, with a total of EUR 2.45 billion committed since 2016, making India the largest beneficiary of EIB transport financing outside Europe.
The EIB’s total financing of EUR 500 million backs 31.25 km of metro construction with 30 stations to benefit 159 million passengers per year. It will shorten travel time, create affordable and accessible transport for all, improve the quality of life and doing business, and reduce greenhouse gas emissions in the city. A set of targeted measures will improve safety of woman travelers.
Once completed in 2023 the Pune metro will create at least 900 new jobs; the project is co-financed together with Agence Française de Développement (AFD).
This project, supporting sustainable transport and climate action, forms part of the EU’s [Global Gateway Initiative](https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/stronger-europe-world/global-gateway_en) in support of projects that improve global and regional connectivity in the digital, climate, transport, health, energy and education sectors.
Kris Peeters, Vice President of the European Investment Bank said: “The EIB backed Pune metro rail will facilitate, once completed, travel by more than 3 million people living in the city of Pune. Sustainable transport investment supported by a total EUR 500 million loan enables more accessible and affordable access to workplaces, healthcare, education and markets, while protecting the environment and improving the quality of air in the city. This is a good example of how international cooperation and local know-how can make tangible improvement for citizens and businesses alike, and at the same time contribute to climate action and protection of the environment. I am very proud to see cooperation between Europe and India growing through projects like this.”
H.E. Ugo Astuto, EU Ambassador to India said: “Sustainable mobility and green transition is a key pillar of EU-India strategic partnership. The investment by EIB in the Indian Metro system demonstrates our commitment towards modern, clean and green public transport. The Pune project helps to bring safe, efficient and sustainable public transport to its citizens, in line with the objectives set for Team Europe by the EU Global Gateway initiative.”
Sustainable Development Goals (SDG) Contribution
Pune Metro Rail project will help achieve a number of Sustainable Development Goals, namely SDG 13 (Climate Action), SDG 11 (Sustainable cities) and SDG 5 (gender equality).
Background information
About the EIB:
The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
The EIB brings the experience and expertise of our in-house engineers and economists to help develop and appraise top quality projects. As an AAA-rated, policy-driven EU financial institution, the EIB offers attractive financial terms – competitive interest rates with loan durations aligned with the projects. Through our partnerships with the EU and other donors, we can often provide grants to further improve the development impact of the projects we support.
About the EIB in India:
Since the beginning of its operations in India in 1993 the EIB supported 26 projects in the country and invested close to EUR 5 billion in transport, energy, agriculture, fisheries and forestry projects as well as India`s small and medium enterprises.
About the EIB in Asia:
For 25 years, the EIB has supported economic development in Asia and the Pacific region. The projects we finance make people’s lives easier – from cutting travel times in Bangalore with a new metro line, to providing cheaper, cleaner energy to western Nepal.
In Asia, we have chosen to focus our lending on climate action across all sectors. We also work to include gender equality in our projects, ensuring that women, men, girls and boys can benefit from projects equally and equitably.
About Global Gateway initiative
EIB Global is a key partner in the implementation of the EU’s Global Gateway initiative, by supporting sound projects that [improve global and regional connectivity in the digital, climate, transport, health, energy and education sectors]. Investing in connectivity is at the very heart of what EIB Global does and has longstanding experience of 60 years. Alongside our partners, fellow EU institutions and EU member states, we aim to support investment of €100 billion, around one third of the overall envelope of the initiative, by the end of 2027.
Press contacts

Testo Allegato:
PRESS RELEASE2023-049-ENMumbai, 8 February 2023European Investment Bank confirms EUR 150 million backing for Pune metro networkIndia largest beneficiary of EIB transport financing outside EuropeEIB provided EUR 2.45 billion for transport across India since 2016Scheme to help cut pollution and carbon emissions, create jobs and improve safety of women passengersKris Peeters, Vice President of the European Investment Bank and Shri Brijesh Dixit, Managing Director of Maharastra Metro Rail Corporation, today confirmed a EUR 150 million 20-year loan to support construction of Pune city`s metro rail. This will improve travel for more than three million people living in the city of Pune. The EIB support for transport in India includes EIB backing for metro investment in Agra, Bangalore, Bhopal, Kanpur and Lucknow, with a total of EUR 2.45 billion committed since 2016, making India the largest beneficiary of EIB transport financing outside Europe.The EIB’s total financing of EUR 500 million backs 31.25 km of metro construction with 30 stations to benefit 159 million passengers per year. It will shorten travel time, create affordable and accessible transport for all, improve the quality of life and doing business, and reduce greenhouse gas emissions in the city.  A set of targeted measures will improve safety of woman travelers. Once completed in 2023 the Pune metro will create at least 900 new jobs; the project is co-financed together with Agence Française de Développement (AFD). This project, supporting sustainable transport and climate action, forms part of the EU’s Global Gateway Initiative in support of projects that improve global and regional connectivity in the digital, climate, transport, health, energy and education sectors. Kris Peeters, Vice President of the European Investment Bank said: “The EIB backed Pune metro rail will facilitate, once completed, travel by more than 3 million people living in the city of Pune. Sustainable transport investment supported by a total EUR 500 million loan enables more accessible and affordable access to workplaces, healthcare, education and markets, while protecting the environment and improving the quality of air in the city. This is a good example of how international cooperation and local know-how can make tangible improvement for citizens and businesses alike, and at the same time contribute to climate action and protection of the environment. I am very proud to see cooperation between Europe and India growing through projects like this.”H.E. Ugo Astuto, EU Ambassador to India said: “Sustainable mobility and green transition is a key pillar of EU-India strategic partnership. The investment by EIB in the Indian Metro system demonstrates our commitment towards modern, clean and green public transport. The Pune project helps to bring safe, efficient and sustainable public transport to its citizens, in line with the objectives set for Team Europe by the EU Global Gateway initiative.”Sustainable Development Goals (SDG) ContributionPune Metro Rail project will help achieve a number of Sustainable Development Goals, namely SDG 13 (Climate Action), SDG 11 (Sustainable cities) and SDG 5 (gender equality).Background information About the EIB:The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.The EIB brings the experience and expertise of our in-house engineers and economists to help develop and appraise top quality projects. As an AAA-rated, policy-driven EU financial institution, the EIB offers attractive financial terms – competitive interest rates with loan durations aligned with the projects. Through our partnerships with the EU and other donors, we can often provide grants to further improve the development impact of the projects we support.About the EIB in India:Since the beginning of its operations in India in 1993 the EIB supported 26 projects in the country and invested close to EUR 5 billion in transport, energy, agriculture, fisheries and forestry projects as well as India`s small and medium enterprises.About the EIB in Asia:For 25 years, the EIB has supported economic development in Asia and the Pacific region. The projects we finance make people’s lives easier – from cutting travel times in Bangalore with a new metro line, to providing cheaper, cleaner energy to western Nepal.In Asia, we have chosen to focus our lending on climate action across all sectors. We also work to include gender equality in our projects, ensuring that women, men, girls and boys can benefit from projects equally and equitably.About Global Gateway initiativeEIB Global is a key partner in the implementation of the EU’s Global Gateway initiative, by supporting sound projects that improve global and regional connectivity in the digital, climate, transport, health, energy and education sectors. Investing in connectivity is at the very heart of what EIB Global does and has longstanding experience of 60 years. Alongside our partners, fellow EU institutions and EU member states, we aim to support investment of €100 billion, around one third of the overall envelope of the initiative, by the end of 2027.Press contactsEIB: Enrico Possenti, e.possenti@eib.org tel.: +352 43 79 82144 / Mobile: +352 691 28 55 32Website: http://www.eib.org/press – Press Office: +352 4379 21000 – press@eib.org