Metrolink secures EU loar and orders more trams

摘要

MANCHESTER'S Metrolink has been given a £500million low-rate loan from the European Investment Bank. The deal is part of the ElB's mission to support "sustainable public transport in leading European cities and to reduce reliance on private car use". The 30-year loan will be used to fund the ongoing Phase 3 expansion of the network as well as to provide new trams and infrastructure. Andrew Fender, chairman of the Transport for Greater Manchester Committee, said: "It will deliver a legacy for Greater Manchester that will regenerate and transform key district centres and provide new connections to the labour market for businesses."