| Project Detail |
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). Objectives 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. Sector(s) Transport - Transportation and storage Proposed EIB finance (Approximate amount) EUR 650 million Total cost (Approximate amount) EUR 1500 million |
