EIB funds Stockholm metro

By Sarah Ann McCay17 February 2013

The European Investment Bank (EIB) has agreed to loan Stockholm County Council SEK3.5 billion (€400 million) for the development of the Swedish city’s Red metro line.

A new underground depot in Norsborg will be constructed and the existing Nyboda depot will be upgraded to enable the servicing of the new rolling stock.

The Red line will also benefit from a new fleet of modern trains, while the existing signalling system will be replaced with communications-based train control.

Latest News
Amazon to invest US$3.5 billion in new data centres
Tech giant to spend US$3.5 billion on five new data centres
Kuiphuis adds more Spierings eLift cranes
More zero emission crawler-mounted tower cranes for Dutch rental house
Bechtel opens new Saudi Arabia regional headquarters
US contractor Bechtel has opened a new regional headquarters in Riyadh, Saudi Arabia, reflecting the scale of construction megaprojects underway in the country.