The European Investment Bank (EIB), the EU’s non-profit lending institution, has announced an investment of more than €1.7 billion on improved rail transport in Europe and North Africa.
As part of a wider package of new financing, EIB is set to invest €788 million to support the construction of three Stockholm metro extensions totalling 19.6km, including 11 new underground stations.
Around €612 million will be spent to support the acquisition of 161 new trains for Italy’s Lombardy region and €45 million on 18 new trains for the Tunis-Goulette-Marsa line in Tunisia.
The announcement was made following the approval of the expenditure by EIB’s board on April 12.
TunisianMonitorOnline (GlobalRailNews)
