European Investment Bank to loan €475m for Brussels tram upgrade
The European Investment Bank (EIB) has announced financing of €475m to upgrade Brussels’ north to south tram system.
The money will, among other things, be used to build a tunnel between the Gare du Midi and Anneessens stops, and new carriages.
Elke van den Brandt, the city’s minister for mobility, said: “In Brussels, we see mobility as a powerful lever to improve the city and the life quality of its residents.
“That’s why we invest one sixth of our total annual budget in public transportation, cycling and walking infrastructure and road safety to offer more alternatives to the car and to offer more quiet and green public spaces.”
The project is the largest public transport investment since the Brussels Capital Region came into existence.
