ROMANIA: Cluj-Napoca Mayor Emil Boc announced on April 18 that city transport authority CTP is to receive a €20m ERBD loan towards the purchase of five to seven trams and 50 buses.
The loan is to be disbursed in mid-June and would be paid back over 10 years using proceeds from a special 6·65% tax established in 2013 on every ticket sold by CTP.
In recent years CTP spent €32m on modernising tram infrastructure and €6m on the purchase of four Pesa Swing trams, with the help of EU funds.
ROMANIA: CAF has delivered the first of eight trainsets that it is supplying for metro Line M5 in București. The train was transported by Rail Cargo Group and arrived on December 18, one month earlier than stipulated in the contract with CAF. Metro operator Metrorex exercised an option in ...
EGYPT: The European Bank for Reconstruction & Development has agreed to provide a €100m loan to the National Authority for Tunnels, which will support the procurement of 13 trainsets to be used on Line 2 of the Cairo metro. The supplier would also maintain the trains, which are intended ...
ARMENIA: The European Bank for Reconstruction & Development and the European Investment Bank are to provide loans of €7m each for the third metro rehabilitation project in Yerevan. A further €7m is to be sought from another international donor. The project would involve refurbishment of the depot, substations, power ...
