Overview

• EIB Global will lend €240 million for a Nagpur Metro extension and provide a €49.5 million top‑up for the Pune Metro to expand low‑emission urban transport.
• EIB Global approved a $191 million loan to upgrade water supply and sanitation in Uttarakhand, a program expected to reach about 900,000 people.
• The bank committed up to $60 million as a cornerstone investor in the India Energy Transition Fund managed by EAAA Alternatives, which targets $300 million for renewables, storage, EVs and circular‑economy projects.
• EIB Vice‑President Nicola Beer announced the financing during meetings in New Delhi, highlighting efforts to scale public–private investment partnerships.
• EIB materials cite projected impacts including a 22% cut in transport CO₂ after full commissioning in Nagpur and, for the fund, expected lifetime outcomes stated by sponsors of roughly 298 million tonnes of CO₂ reduction and about 38 million job‑years.