Release date: 22 October 2004
Promoter – Financial Intermediary
Syndicat Mixte des Transports en Commun de l’Agglomération Grenobloise (SMTC Grenoble).Location
Description
The project consists of the construction of two new lines (C and C’) for Grenoble's tramway network along with the supply of the rolling stock and additional equipment required for their commissioning. The double-track line serving 22 new stations will be 11.7 km long and feature a new depot and various improvements to the urban environment.
Objectives
The project is the core component of the Urban Transport Plan adopted by SMTC Grenoble in May 2000, the objectives of which are to:
- enhance the quality of urban life,
- revitalise the region's economy,
- improve links between districts while respecting sensitive areas,
- encourage a switch from car use in the city to less polluting modes of transport.
Comments
Urban transport.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200m
Total cost (Approximate amount)
EUR 422.2m
Environmental aspects
Overall, the project will have a positive environmental impact.
Procurement
The project falls under European procurement directive 93/38/EC as amended by directive 98/4/EC. The promoter complies fully with the provisions of this directive.
Status
Signed - 2/06/2005
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).