EIB leent Engeland 110 miljoen GBP voor twee nieuwe tramlijnen in Nottingham (en)

Met dank overgenomen van Europese Investeringsbank (EIB) i, gepubliceerd op woensdag 21 december 2011.

The European Investment Bank i, the European Union’s long-term lending institution, has agreed to provide GBP 110 million for two new lines of the Nottingham tram network. The long-term funding over 19 years will be used by Nottingham City Council to expand the city’s light rail system with two new lines to the south and south west.

“Extension of the Nottingham tram network will transform public transport links across the city, reduce congestion and support economic growth and regeneration. The European Investment Bank recognises the contribution of sustainable transport to improve the lives of people in Nottingham and local economic opportunities over the coming years.” said Simon Brooks, European Investment Bank Vice President responsible for the United Kingdom.

Councillor Jane Urquhart, Portfolio Holder for Planning and Transportation at Nottingham City Council, the promoter of NET Phase Two, said: “The NET Phase Two project would not be possible without significant investment from the likes of the EIB.

“The EIB’s investment is in recognition of the fact that NET Phase Two will bring significant economic benefits to the region. It speaks volumes about the importance of such projects in kick starting economic growth, creating jobs and providing a catalyst for recovery.”

The two new tram lines funded by the European Investment Bank will have services every seven minutes between 7am and 7pm and include 28 stops along a 17.5km of track. The project also includes 22 new low-floor trams for the line to link park and ride sites next to the M1 at Clifton and Toton Lane with the city centre. The two new lines will link Chilwell, the Queen’s Medical Centre and Beeston, and Cilfton via Wilford.

The initiative is part of the European Investment Bank’s engagement to support sustainable public transport in leading European cities and reduce reliance on private car use.

European Investment Bank financial support for Nottingham Express Transit extension will lower the overall cost for both passengers and taxpayers through cheaper funding costs, fixed interest rates and diversification of funding.

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Notes for Editors

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    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. It has been active in the UK since 1973, supporting investment ranging from motorways and rail, to water supply and treatment, energy schemes, hospitals, universities, high-tech development in industry, as well as small and medium-sized businesses. In the last five years (2006-2010) it provided over £17 billion for projects in the UK, including £4 billion in 2010.
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    Line One of Nottingham Express Transit (NET) opened in spring 2004 and is a 14.5km route linking Nottingham city centre with Hucknall in the north of the county and Phoenix Park in the north-west of the county through a spur line.
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    Over 10 million passengers a year use NET Line One, with a 92% customer satisfaction rate.
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    In June 2009 the UK Government granted NET a Transport and Works Act Order (TWAO) which is the legal power to build NET Phase Two.
  • - 
    In August 2009 Nottingham City Council put the operation of Line One and construction of NET Phase Two out to tender, selecting Tramlink Nottingham as its preferred bidder in March 2011.

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