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

  • Strabag awarded Polish road construction contracts
    February 1, 2016
    Construction group Strabag, via its Polish subsidiaries, has been awarded two contracts totalling US$117 million by Poland’s General Directorate for National Roads and Highways (GDDKiA). As part of the overall works on the S17, Strabag will design and build a 15.2 km long section from the Lubelska junction near Warsaw to Kołbiel, including four junctions, while the second contract comprises the design and construction of an 8.7 km long bypass road near Kołbiel. The S17, which forms part of the E372, w
    Read More
  • Ferrovial consortium to build I-77 HOT lanes
    June 30, 2014
    Cintra, a US subsidiary of Spanish infrastructure firm Ferrovial, is to be responsible for the development of the I-77 HOT Lanes Project led by the North Carolina Department of Transportation (NCDOT). The US$655 million project, extending 26 miles from the I-77 connection with I-277 in Charlotte to the intersection with NC 150 in Iredell County, will enhance traffic connectivity between residential areas along the corridor and downtown Charlotte. The project includes the development of high occupancy tol
    Read More
  • Helsinki’s residents trial MaaS as alternative to private cars
    August 21, 2018
    Would you give up your own car? Helsinki implemented MaaS late last year and Colin Sowman discovers that the initial reaction has been positive What would it take for you to give up your own car? That is the question posed by Sampo Hietanen, the so-called ‘father’ of Mobility as a Service (MaaS) and CEO of MaaS Global. And he is about to discover if MaaS really will convince the people of Helsinki to do the unthinkable. MaaS Global introduced a fledgling version of its Whim app in the city in late 2016
    Read More
  • Cost benefit: Wichita eases workzone congestion
    July 8, 2019
    Achieving higher diversion rates has helped one Kansas city to make traffic flow more efficient around workzones. David Crawford examines what’s behind a 10:1 benefit-to-cost ratio in Wichita Around 10% of highway congestion in the US results from delays in workzones, leading to an estimated annual loss of $700 million in fuel costs alone. The lack of accessible real-time traffic information to help motorists minimise their inconvenience – particularly at peak times - is a major contributor. One solut
    Read More

Highlighted Content