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Digital Subscriptions > Cities Today > Issue 22 > EIB finances second metro extension in Espoo

EIB finances second metro extension in Espoo

FINLAND

The European Investment Bank (EIB) has agreed a loan of €100 million to finance the extension of the Westmetro in Finland’s capital region of Espoo. The €100 million tranche signed in August is part of a total approved facility amounting to €450 million, the remaining part of which will be signed during 2017. The EIB’s support for this second phase of the extension follows a €450 million loan provided in 2011 for the first phase of the West Metro, which will enter into service in early 2017. The extended track will have a total length of 7 kilometres, adding five stations to the line between Matinkylä and Kivenlahti in Espoo.

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