Kanpur Metro gets Rs 5,552 crore loan from EIB

By: |
September 2, 2020 12:45 PM

Paving the way for the speedy roll-out of Kanpur Metro, the European Investment Bank (EIB) on Monday signed the finance contract for the funding of Kanpur Metro Project for €650 million (Rs 5,551.99 crore).

Kanpur Metro, European Investment Bank, Kanpur Metro Project, latest news on kanpur metro,kanpur metro newsKanpur Metro Project (Representational image)

Paving the way for the speedy roll-out of Kanpur Metro, the European Investment Bank (EIB) on Monday signed the finance contract for the funding of Kanpur Metro Project for €650 million (Rs 5,551.99 crore).

The agreement was signed virtually, in the presence of ambassador of the European Union to India and Bhutan Ugo Astuto; vice-president of EIB Andrew McDowell; C S Mohapatra, additional secretary, department of economic affairs, ministry of finance (GoI) and managing director UP Metro Rail Corporation Kumar Keshav.

 

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