Current Affairs - International - Discussion

The European Investment Bank (EIB) will invest 650 million euro(€) in the construction of Kanpur's(Uttar Pradesh) 1st city metro line. The 32.4 km urban rail line, with 18 elevated and 12 underground stations is EIB's 2nd biggest operation outside the European Union(EU) till date. It is the 2nd metro rail project supported by the EIB in Uttar Pradesh(UP), following the €450 million investment in Lucknow metro rail system. Uttar Pradesh Metro Rail Corporation Ltd (UPMRC) is the promoter-Financial intermediary for this project.