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Government of India and European Investment Bank sign finance contract for second tranche of Euro 150 million for Pune Metro Rail project The Government of India (GoI) and European Investment Bank (EIB) here today signed the finance contract for second tranche of Euro 150 million for Pune Metro Rail project through a virtual signing ceremony. The signing ceremony was held in the presence of H.E. Mr. Francisco Andre, Secretary of State for Foreign Affairs and Cooperation, Portugal and H.E.
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FAQ :
The finance contract signed is for the second tranche of Euro 150 million.
Shri K. Rajaraman, Additional Secretary, Department of Economic Affairs, Ministry of Finance, signed on behalf of the Government of India, and Mr. Christian Kettel Thomsen, Vice-President, signed on behalf of the EIB.
The EIB had approved a total loan of Euro 600 million for the Pune Metro Rail project.
The financing will help fund the construction and operation of Corridor 1 (PCMC to Swargate) and Corridor 2 (Vanaz to Ramvadi), totalling about 31.25 km, and the purchase of related metro cars.
Maharashtra Metro Rail Corporation Ltd. (MAHAMETRO) is the implementing agency for this project.
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