Helsinki to get new tramline and a depot with €400 million EIB package
Finland, April 30 -- The European Investment Bank (EIB) is providing a €400 million financing package to help the Finnish capital Helsinki build a tramline to three suburbs, construct a new tram and bus depot, purchase new trams, and add pathways for cyclists and pedestrians. The EIB support involves loans of €150 million to the City of Helsinki and €250 million to metropolitan transport company Metropolitan Area Transport Ltd (Paakaupunkiseudun Kaupunkiliikenne Oy) for the "Crown Bridges Light Rail" project.The goals are to extend Helsinki's tram system to the eastern suburbs of Laajasalo, Korkeasaari and Kalasatama with a new line that will halve travel times to 20 minutes and to increase the city's bike and pedestrian p...
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