Loans granted by the European Investment Bank to support public transport development in Brussels, Dublin, and Stockhom
The European Investment Bank announced over the past months that it will grant loans to support the development of public transport systems in the following cities :
Brussels: a long-term loan of €250 million has been granted to STIB, the public transport company of the Belgian capital city, so as to modernise tramway infrastructures and renew its rolling stock (purchase of 15 metro cars, 46 tramway cars, 360 buses and 32 articulate buses).
The total cost of the project amounts to
Dublin: a €60 million loan has been granted to the Rail Procurement Agency, which is responsible for building News from the cities the tramway project (LUAS), that shall improve the mobility conditions in the Greater Dublin Area as of 2004 (see EMTA News n°8).
Stockholm: a €108 million has been granted to the County of Stockholm to fund the acquisition of 70 metro units. 125 units were already funded by EIB loans in 2001 and 2002.
These new metro cars (so-called Vagn 2000) will replace obsolete rolling stock on the oldest part of the network, with quieter, more energy-efficient vehicles.