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EBRD grants loan for modernisation of Timisoara tram system, Romania [free access]

December 26, 2021

The European Bank for Reconstruction and Development (EBRD) has granted a EUR20.3 million loan to modernise the Timișoara tram system for the 2020–2023 period. The city will use the funds to renew the tram fleet, rehabilitate the T5 tram line, and finance two consultancies to support the city’s public transport reforms.

 

The Infrastructure Development Programme in Timișoara is estimated to have a total value of EUR87.2 million. The programme will be co-financed by government funds and technical corporation funds. The EBRD loan will cover the costs of Timișoara’s priority infrastructure programme and of the city’s plans to introduce green mobility. The European Union (EU) has granted EUR53.6 million to develop the Timișoara tram infrastructure under the Regional Operational Programme 2014–2020.

 

(1 EUR [Euro] = USD1.13)