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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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