Release date: 3 September 2004
Promoter – Financial Intermediary
La Communauté d’agglomération de Montpellier (CAM).Location
Description
The project consists of the construction of a second 19.6 km tramway line and also comprises improvements to neighbouring infrastructure, car parks and the purchase of 24 trams. It will pass through 5 municipalities in the conurbation by December 2006, carrying 52 800 passengers/day.
Objectives
To improve the urban environment and quality of life.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
EUR 400 million.
Environmental aspects
Overall, the project will have a positive environmental impact.
Procurement
The project is subject to EU procurement directives. The promoter complies fully with the provisions of this directive.
Status
Signed - 27/06/2005
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).