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Tram’Ardent consortium secures financing under the Juncker Plan [free access]

February 1, 2019

The European Investment Bank (EIB) has signed a EUR200-million finance contract with the Tram’Ardent consortium, the selected contractor to design, build, finance and maintain (DBFM) the Liège Tramway project on public-private partnership (PPP) basis. The term period of the loan is 30 years and is guaranteed under the European Fund for Strategic Investments (EFSI), which is one of three financial pillar of the European Union’s (EU’s) Juncker Plan.

 

The Liège Tramway will comprise a single line, which will span 11.7 km from the Sclessin multimodal station in southwest Liege to the city of Herstal in the northeast via Saint Lambert Square. It will cover 21 stops. The estimated cost of the project is EUR420 million. Construction is expected to begin in 2019 and be completed by the second half of 2022.

 

(1 EUR [Euro] = 1.15 USD)