Germany's Development Bank KfW will provide loan assistance of three thousand and 750 crore rupees for the modern and sustainable metro system for Nagpur city being executed by Nagpur Metro Rail Corporation Limited. An agreement in this regard was signed in New Delhi by Joint Secretary in Department of Economic Affairs S Selvaraj and Director General of KfW Roland Siller. The loan period is 20 years with a moratorium of five years and disbursal will be based on the progress of the project over three years.Costing 8,680 crore rupees, Nagpur Metro is the first metro to be financed under the Indo-German partnership for clean, socially inclusive and climate friendly mobility for people in cities.