Release date: 28 January 2005
Promoter – Financial Intermediary
City of ParisLocation
Description
The project consists of the construction of the first section (7.9 km) of the Paris circle tramway, in the south of the capital.
Objectives
The project aims to check the constant increase in car traffic and enhance the attractiveness of public transport in urban areas compared to private vehicle transport.
Comments
Urban transport.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 130 million.
Total cost (Approximate amount)
Around EUR 300 million.
Environmental aspects
In accordance with national legislation, the project has undergone an environmental impact assessment as part of the Public Interest Declaration process. Once completed, it will help to reduce the various types of nuisance associated with car traffic, while at the same time benefiting local tourism and making it easier for people to get around.
Procurement
The City of Paris is a local authority subject to EU procurement directives. All works contracts financed by the Bank will be issued in line with the provisions of European Union law.
Status
Signed - 28/09/2005
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).