SPAIN: The European Investment Bank and the regional government of València have signed a €50m financial agreement to fund improvements on the València light rail and Alacant tram networks, both operated by FGV.

The loan is the first tranche of approved financing totalling €300m, which is intended to support FGV’s multi-year investment programme.

The initial €50m is to be used for building fencing around the busiest surface stations on the networks in València and Alacant, and for the enhancement of level crossings to improve safety. It will also cover the implementation of NaviLens technology to facilitate orientation by visually impaired people.

The overall €300m funding package will support several major projects including planned network extensions in both cities.