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.

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