The European Union has agreed to lend to MLRC. Lucknow loan of Rs 3502 crore Metro Rail Corporation (MLRC) is expected to meet with the foreign bank.
After ending a two-day visit of representatives claim MLRC managing director Keshav Kumar was on Wednesday. Chandra also added that the Bank stipulates that the first Lucknow Metro Public Investment Board (PIB) would seek approval.
PIB after obtaining approval from the bank will loan. PIB to know the status of approval of European Union officials will meet Friday with Finance Ministry officials.
MLRC MD Kumar Chandra informed the press conference held on Wednesday. The European Bank for two days, representatives of the subway project be understood.
During this test the route of the project’s social and environmental impact go on. MLRC after which the authorities have assured that they will be in every loan. Also on loan from French bank is being negotiated.