European Investment bank funds first Tampere Tramline

The European Investment bank has provided a EUR 150m loan to the City of Tampere, Finland for the construction the first section of its tramline, connecting the city centre and eastbound suburbs, scheduled to open in 2021. The construction of the 15km long tramline is divided into two sections. Section 1 covers the construction of the route, linking the city centre, from Pyynikintori, with two branches:
October 2, 2017 Read time: 1 min

The 4270 European Investment bank has provided a EUR 150m loan to the City of Tampere, Finland for the construction the first section of its tramline, connecting the city centre and eastbound suburbs, scheduled to open in 2021.

The construction of the 15km long tramline is divided into two sections. Section 1 covers the construction of the route, linking the city centre, from Pyynikintori, with two branches: one serving Hervanta and Tampere University of Technology; and the second serving the eastbound suburb of Tampere University Hospital, which also includes the construction of a depot in Hervanta. Section 2 covers the line westbound from Pyynikintori to Lentävänniemi via Lielahti.

EIB Vice-President Alexander Stubb said: “The first tramway line will make everyday life and transportation easier in Tampere. It also will make the city greener and transform it into a more attractive and accessible place to live and work, making the whole region more competitive. This underpins the values the EIB stands for.”

For more information on companies in this article

Related Content

  • Siemens to equip Line 4 of Paris Metro for driverless operation
    January 12, 2016
    Siemens received an order from the Paris public transport operator RATP (Régie Autonome des Transports Parisiens) to equip the 27 stations of Paris Metro the twelve kilometre Line 4 with signalling and operations control systems. Siemens will supply its Trainguard MT automatic train control system that uses communications-based technology to achieve fully automatic, driverless operation. All train movements will be supervised via the operation control centre, which will also be supplied by Siemens. Spec
    Read More
  • EU approves US$660 billion to transform Europe's transport network
    March 23, 2012
    The EU's Council of transport ministers met in Brussels yesterday and approved a proposal for a new regulation of Trans European Transport – Network (TEN-T) guidelines, in a package for a Connecting Europe Facility. The proposal approved yesterday, and which will cost US$660 billion by 2020 if fully implemented, is aimed at establishing and developing a complete TEN-T, consisting of infrastructure for roads, railways, inland waterways, shipping ports and airports. It also defined a comprehensive network and
    Read More
  • Creating foundations for European MaaS model
    February 26, 2021
    Public transport is backbone of Mobility as a Service in Europe, says Piia Karjalainen
    Read More
  • The sunshine subsidy for Colorado’s tollways
    January 10, 2014
    David Crawford reports on energy cost cutting on US highways. Just over a year after switch-on and with two global awards under its belt, the longest solar-powered toll road in the US is generating heightened interest in highway applications of alternative energy. The E-407, which loops around the eastern perimeter of the Denver metropolitan area in Colorado, won the International Bridge, Tunnel and Turnpike Association (IBTTA) President’s Overall Award for Excellence at its September 2013 Annual Meeting in
    Read More

Highlighted Content