Search En menu en ClientConnect

Top searches
Most visited pages

Signature(s)

Amount
€ 600,000,000
Countries
Sector(s)
India : € 600,000,000
Transport : € 600,000,000
Signature date(s)
20/12/2024 : € 100,000,000
8/12/2022 : € 150,000,000
7/05/2021 : € 150,000,000
22/07/2019 : € 200,000,000
Link to source

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.

Link to source

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 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
Resettlement Action Plan (RAP) - PUNE METRO RAIL PROJECT - Social Impact Assessment (SIA) Study and Social Management Implementation Plan (SMIP), Rehabilitation & Resettlement Plan (RAP)
Publication Date
27 Oct 2022
Document language
Main Topic
Lending
Document Number
129230736
Document Focus
Environmental Information
Project Number
20160327
Sector(s)
Countries
Publicly available
Download now
Resettlement Action Plan (RAP) - PUNE METRO RAIL PROJECT - Addendum for Civil Court Area Resettlement
Publication Date
28 Sep 2023
Document language
Main Topic
Lending
Document Number
178694403
Document Focus
Environmental Information
Project Number
20160327
Sector(s)
Countries
Publicly available
Download now

News & Stories

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications