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European Investment Bank prepared to support Kanpur Metro Rail venture

European Investment Bank prepared to support Kanpur Metro Rail venture

Lucknow: A three-part European Investment Bank (EIB) group went to the workshop of Kanpur metro and the proposed stations to come up on the main course between IIT-Kanpur and Naubasta on Thursday. The EIB group expressed that the bank will render help. In any case, it didn’t reveal the sum that would be given by the bank.

The group recognized that there is a requirement for quick and advantageous method of open transport in Kanpur. The group expressed that keeping in perspective the endlessness and populace of the city, Metro administration would be a best.

On Wednesday, EIB group had seen a presentation on Kanpur metro in Lucknow, where authorities of Lucknow Metro Rail Corporation (LMRC), RITES and KDA were available.

Divisional magistrate Iftikharuddin, amid a meeting with the EIB authorities, said that the document of Kanpur metro venture has as of now been sent to Union government. He said that all customs identified with the metro venture have been finished.

The group said that the area, which has been procured for metro venture, has a place with government and that there is no question. He additionally said that each one of the individuals who have been dislodged or foundations uprooted will be restored legitimately.

The group was notified by authorities of Kanpur Development Authority (KDA) that a sum of 31 metro stations would be made on two courses. This will incorporate 19 raised and 12 undeground metro stations. They were likewise informed that a sum of Rs 13,221 crore would be spent in the task.

EIB is second after Japan International Cooperationn Agency (JICA) which had revealed enthusiasm for financing the Kanpur metro venture. On the off chance that both JICA and EIB give advance to Kanpur metro venture, it will lessen weight on the UP and the Central governments.

The advance from EIB would be for a 20-year period and gave at a low rate of interest.



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