To meet the needs of the growing city and urban area, a modern tramline system has been designed for Tampere. Fostering sustainable transport projects, the European Investment Bank (EIB) has provided a EUR 150m loan to the City of Tampere for the construction of the first section of this tramline. It is 15 km long, links the city centre and eastbound suburbs and is scheduled to open in 2021.
EIB Vice-President Alexander Stubb said “I am happy to announce today that the EU bank is providing financing for this project. 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.”
“We are thankful for the financing and the support granted by the European Investment Bank. Tampere will be the second metropolitan area in Finland. The growth of our region is the second fastest in the country. This day takes us one step closer to our objective of having one of the smartest transport systems in Europe. We have initiated a Smart Mobility project, which aims to create an internationally recognised testing and innovation ground for smart traffic in the Tampere region”, said the Mayor of the City of Tampere, Lauri Lyly.
The tramline project is very much needed in Tampere, which is one of the fastest growing urban regions in northern Europe – expecting to expand by 1% annually over the next 15 years. The construction of the tramline has been divided into two sections. Section 1, supported by the EIB, covers the construction of the 15 km route, linking the city centre (from Pyynikintori) and having two branches: one serving Hervanta and Tampere University of Technology; and the other serving the eastbound suburb of Tampere University Hospital (including the construction of a depot in Hervanta).
Today’s EIB support for the City of Tampere builds on long and good cooperation. In 2001, the Bank co-financed the modernisation of the Naistenlahti cogeneration power plant and the upgrading of the city centre, in particular the former industrial sites of Tampella and Finlayson. Two years ago, the EIB also supported the construction of the Rantatunneli, the longest road tunnel in Finland.
EIB Global, the financial arm of the European Investment Bank for activities outside the European Union, has signed an €11 million EU grant for the Montenegro education programme to enable 13 education facilities, including kindergartens, primary schools, vocational schools and secondary schools, to be modernised and equipped. The upgraded infrastructure will improve learning conditions and the quality of teaching, while promoting digital transformation, skills development and the shift to a knowledge-based economy. It will help the country increase its schooling capacity by creating close to 1 700 new places for pupils and 530 full-time jobs for teachers.
EIB Global, the financial arm of the European Investment Bank (EIB) for activities outside the European Union, has signed a cooperation agreement with the National Bank of North Macedonia under the Greening Financial Systems (GFS) programme. The agreement will enable the provision of advisory services to the National Bank designed to enhance its regulatory and supervisory climate risk management practices, as well as the reporting capacities of the financial sector in the country. These activities will help local banks understand the climate risk exposure of companies in North Macedonia and support their sustainability practices.
EIB Global, the financial arm of the European Investment Bank (EIB) for activities outside the European Union, has signed a €36 million loan for the construction of a 50 MW wind farm on the high plateau of Vlašić mountain, located about 15 km north-west of the town of Travnik. The loan comes in addition to the €21 million in grants allocated by the European Union in December 2023 through the Western Balkans Investment Fund (WBIF).