Maharashtra Metro Rail Corporation has received an in-principle nod from the European Investment Bank (EIB) for funding of the extension of the Pune Metro project.
Atul Gadgil, director, Maha Metro, said EIB has expressed interest in funding the two extension projects and it would be contributing around 60% of the project cost. The cost for the extension of the Pune Metro Phase I project is estimated to be `4,511 crore.
