The European Investment Bank (EIB) has announced a new tranche of loans totalling EUR416M ($376.6M) for the improvement of transport systems in Greece.
The EIB has allocated EUR200M to ATTIKO METRO S.A. as further financial support for the Athens Metro network extension.
The loan will finance the design and construction of two new underground lines that will link up western and eastern Athens via the city centre. The Lines, 2 and 3, will total 18.7km and will include 21 stations.
The Athens Metro project meets the European Union’s criteria for assisting urban renewal and environmental protection. This qualifies the project for support from both the EIB and Structural funds.
To date the EIB has invested EUR835M in the Athens Metro having given assistance since 1994.
Also receiving funding is the Hellenic Republic in the form of a EUR150M loan for the construction of 10 motorway sections along the central part of the Egnatia trunk road. EUR56M also goes to the Hellenic Republic for the construction of the Athens-Thessaloniki-Evzoni motorway, a priority listing on the Trans-European Network.
