Nagpur Metro|Foreign Investment Bankers line up for funding Nagpur Metro Rail project


Nagpur: The Nagpur Metro Rail project is apparently not going to face any problems in getting finance from abroad. After French Development Bank AFD and German agency KfW, the European Investment Bank (EIB) has also show interest in financing the project.

A delegation of EIB is on a two-day visit to Nagpur to study the project. The team will submit its appraisal report on financing the project to its head office. “The EIB delegation on Wednesday visited the North-South corridor alignment from Khapri to Automotive Square. This was followed by detailed discussion with Brijesh Dixit, Managing Director of Nagpur Metro Rail Corporation Limited (NMRCL), and other officers. Several issues concerning the project were discussed in the meeting,” an NMRCL official told the media.

“The EIB team will visit the East-West corridor alignment from Prajapati Nagar to Lokmanya Nagar on Thursday. The delegation will also hold meetings with Nagpur Municipal Corporation (NMC) and Nagpur Improvement Trust (NIT) officials and other stakeholders,” he said.  EIB is the bank of European Union.

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