European Investment Bank announces 650 Million Euro for Kanpur Metro Project

The Luxembourg based European Investment Bank (EIB) will invest EUR650 million for the construction of the first city metro line of Kanpur.
Kanpur is the fifth metro rail project to receive EIB funds in India and also the second-biggest investment made by the EIB outside the European Union..
This project is the second metro rail project supported by the EIB in Uttar Pradesh.
Prior to this, EIB made EUR450 million investment for Lucknow metro rail system.
The EU bank has also invested in metro rail systems in Bhopal, Pune, and Bangalore in India.