Release date: 2 May 2018
Promoter – Financial Intermediary
TRANSPORT FOR GREATER MANCHESTERLocation
Description
The project consist of the extension of the Manchester Metrolink tram network with a 5.5-km new line from Pomona to the Trafford Centre with six new stops, and the purchase of ten additional tram vehicles.
Objectives
This project will extend the metro network, reduce traffic congestion, improve travel times in the area and increase connectivity in Greater Manchester.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
GBP 125 million (EUR 142 million)
Total cost (Approximate amount)
GBP 368 million (EUR 417 million)
Environmental aspects
The project is expected to have a positive environmental impact when in operation, as private car drivers will shift to public transport use.
Procurement
Procurement has been completed according to the national law and procedures.
Status
Signed - 13/12/2019
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).