7 February 2013
European Union is Greater Nancy’s key partner in improving its transport service
With the aim of equipping the Greater Nancy conurbation with a high performance bus service while providing a sustainable response to urban infrastructure development needs, a EUR 55 million loan agreement between Greater Nancy and the European Investment Bank (EIB) was signed on Thursday 7 February 2013 by Greater Nancy’s President, André Rossinot, and EIB Vice-President Philippe de Fontaine Vive.
At a time when the EIB is stepping up its support for innovative job creating projects thanks to the increase in its capital, this long-maturity loan on favourable terms based on the EIB’s AAA credit rating is of key importance to Greater Nancy. Against the background of shrinking credit markets, it makes it possible to optimise the project’s overall finance plan.
This loan will finance the acquisition of the high performance buses and construction of the facilities necessary to operate line 2 of the network. Particular attention will be paid to the balanced and sustainable development of the conurbation in line with transport performance and reliability requirements.
This urban transport project will make a substantial contribution to:
Note to editors
The European Investment Bank
The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
EIB: Anne-Cécile Auguin - +352 621 36 1948 - email: firstname.lastname@example.org
Greater Nancy: Elise Frisoni - +33 22.214.171.124.25 - email: email@example.com