European Investment Bank Expresses Interest To Invest In UP For Development Of Ropeways And Other Infra Projects

Brussels, Dec 13 (TNA) The European Investment Bank Expresses (EIB) has expressed its interest to invest in UP for the development of ropeway projects, highways, metros and other infrastructure projects. This came up as a high-level delegation led by Industry Minister, Nand Gopal Gupta and Public Works Development Minister, Jitin Prasada along with Senior Government officials met Edvardas Bumsteinas, Head of Asia & Pacific Division Managing Director in Brussels and other officials of the European Investment Bank (EIB) at Brussels on Monday.

“Uttar Pradesh is developing world class infrastructure and the State Government is taking multiple steps to ease logistics and ensure multimodal connectivity for expansion of trade, commerce and investments”, said Edvardas.

The European Investment Bank (EIB) is interested to partner with the State Government in providing seamless multi-modal connectivity. Barbara Cattrysse, Adviser to the Vice President and Isabel Fernandez Sarabia, Policy Officer discussed the areas of collaboration with the Government delegation from Uttar Pradesh.

EIB expressed its intertest to invest for the development of metros, ropeway facilities, berthing terminals, expressways, multi-modal logistics facilities etc. in the State of Uttar Pradesh. EIB is already investing in Lucknow & Kanpur Metro Rail Project. EIB is also interested in supporting the State Government is its project to provide potable drinking water and waste management (Swachh Bharat).

On this occasion, senior officials of Government of Uttar Pradesh including Navneet Sahgal, Additional Chief Secretary, Sports & Youth Welfare, Senthil C. Pandian, Excise Commissioner, and Pranjal Yadav, Secretary, MSME Department discussed the various ongoing industrial and infrastructure projects.

As a pre-cursor to the Global Investors Summit scheduled on February 10-12th, 2022 in Lucknow, the State Government is reaching out to investors through Investor Connect Roadshows in some 18 Countries and 7 Key India cities, to propagate the investment attractiveness of Uttar Pradesh and garner investment intents. A similar investment roadshow was organized in Brussels on December 12, 2022.