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

  • Gulf Traffic signs partnership with Saudi Transport Ministry
    October 10, 2018
    The Gulf Traffic exhibition and conference has signed its first strategic partnership with the Saudi Transport Ministry (TM). Saudi Arabia has recently announced a $453 million infrastructure project to extend 23 roads across the country. “As we progress with our plan for the private sector to operate much of the kingdom's future transport infrastructure, being part of international platforms, such as Gulf Traffic in Dubai, will give us access to the transport suppliers needed to drive this strategy,” s
    Read More
  • Mobilising data for the future of urban transport
    August 8, 2018
    It's not just gathering the data that's important, says Johan Herrlin - it's making sure that transport organisations share it with one another that will determine travellers' satisfaction. Data is transforming the way we move around cities, from family car journeys to the daily train commute. Gone are the days when travelling from A to B meant remembering your AA map and having to ask for directions at regular intervals. If you were trying to navigate London as a tourist a mere decade ago, it required
    Read More
  • 12th ITS Asia-Pacific Forum focuses on cooperation
    March 14, 2012
    In April this year, ITS Malaysia will host the 12th ITS Asia-Pacific Forum and Exhibition in Kuala Lumpur to further advance ITS cooperation and coordination between member countries in the region. In 1999, just a year after construction of the iconic Petronas Twin Towers was completed, Kuala Lumpur hosted the 3rd ITS Asia-Pacific Forum. A great deal has changed in the intervening 13 years, not least the scope and importance of the Forum’s programme. The 12th running of this event, being held from 16-18 Ap
    Read More
  • Intel investing in vehicles’ connected future
    November 30, 2012
    Prospects for a vision of vehicles fully connected to traffic information, safety and entertainment services are being boosted by a $100 million investment from Intel. Pete Goldin reports. Hear the name Intel and what comes to mind is processing power. What may not be realised is that Intel is positioned to become a major player in the automotive technologies market, including connected vehicle technology. To strengthen this position, the company’s investment arm, Intel Capital, has established a $100 milli
    Read More

Highlighted Content