New Delhi: The European Investment Bank’s development arm, EIB Global, has announced over Rs 5,200 crore worth of funds in three new financing packages to support clean water, sustainable urban mobility and climate action in India.

Among the investments, EIB Global will provide Rs 3,040 crore loan for metro projects for the Nagpur Metro extension and for the Pune Metro, targeting reduced congestion and pollution while enhancing green mobility in both cities.

"The full commissioning in Nagpur is projected to cut transport sector CO2 emissions by 22 per cent, while Pune’s network continues expanding access for over 100 million passengers to safe, green mobility," EIB Global said in the release.

Further, a Rs 1,695 crore loan will be extended to expand and modernise water supply and sanit

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