EIB loans €200m for Île-de-France tramway extensions

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The European Investment Bank has signed a deal to loan €200 million to provide ‘first class infrastructure for Île de France’s new tram lines’.

The contract was signed by Jean-Paul Huchon, President of the Île de France Region, and Philippe de Fontaine Vive, Vice-President of the European Investment Bank (EIB).

The introduction of this new infrastructure will help to ‘significantly improve’ the service provided to the inner suburbs of Paris, specifically on lines T5, T6, T7 and T8.

This project will enable nearly 500, 000 additional passengers to use the tram network each day.

The rolling stock is being financed by STIF, whose CEO is Jean-Paul Huchon, with an EIB contribution in the form of a €300 million loan advanced last November.

“This maiden finance contract between the Region and the EIB marks a fresh response to the principal concern of the population of Île de France, the development of public transport. It gives a powerful boost to our planned new tram lines under our Transport Master Plan launched in 2008,” remarked Jean-Paul Huchon.

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