Eib vp pleased with the Technology and Asthetics of UPMRC and wishes to invest further in the upcoming projects of UPMRC
Delegation met Hon’ble Chief Minister Yogi Adityanath; proposed to increase the investment in India.
The six member delegation of the European Investment Bank (EIB) headed by Vice President Mr. Kris Peeters visited Lucknow Metro Stations, Operation Control Centre (OCC), Training Centre and splendid pavilion stall at the ongoing UPGIS today. The delegation took the metro ride from Hazratganj to Transport Nagar Metro station, where they commended the beauty and upkeep of the metro stations. The train ride was followed by their visit to the Operations Control Centre (OCC) and Training centre at Metro Depot.
Earlier in the day EIB delegation visited Chief Minister Shri Yogi Adityanath at his residence. EIB VP said that EIB would like to increase the investment in Uttar Pradesh significantly from existing 1.5 billion EURO to 3 billion EURO.
EIB Financed EURO 450 Million (INR 3502 crore) to Lucknow Metro Project which were made available to UPMRC through gross budgetary resources in the form of Pass Through Assistance (PTA) from Govt of India. EIB is also giving financial assistance to Agra and Kanpur Metro projects.
EIB has agreed to Finance EURO 650 Million (INR 5551.99 crore), to Kanpur Metro Project. EIB has already disbursed 200 Million EURO to Govt. of India on Dec-2022 for this project.
For Agra Metro Project EIB has agreed to finance EUR 450 Million. Out of EURO 450 million the Finance Contract of EURO 250 million has been signed between EIB and Govt. of India on 22.12.2021. As on 31.01.2023 Cumulative disbursement of loan was 1374.50 Crore rs.
The EIB delegation came to Lucknow to attend the session in the ongoing UP Global Investors Summit. EIB team visited the pavilion stall of UPMRC at UPGIS at Vrindavan Yojna. UPMRC MD Shri Sushil Kumar briefed the EIB team about the progress of Agra and Kanpur projects. He futher said “Our commitment since the inception of this project is the result of today’s praise by EIB Vice President. We will stick to our promise of providing world class transport system to the people of Uttar Pradesh”.
Mr. Kris Peeters said “EIB is committed to support India’s own ambitious agenda on climate, renewable energy, connectivity and sustainable finance, in particular by supporting projects with strong climate action benefits.We are happy to see commitment of UPMRC towards providing world class infrastructure and environment friendly transport system to the people of Uttar Pradesh. We will keep supporting UPMRC in further proposed projects on aspect of finance.”
In Uttar Pradesh, Metro is successfully operating in 5 cities and UPMRC is looking forward 2nd corridor of Lucknow Metronasbwell as cities like Gorakhpur, Pryagraj, Varanasi, Jhansi, Bareilly and Meerut.
