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Wednesday, March 21, 2012

EIB provides € 300 million for urban renovation in Greater Lyon

Town planning, Transport, Local development, Environment, Innovation,Local and Regional authorities,

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The financing support of € 300 million that links the Greater Lyon to the European Investment Bank will allow the development of sustainable means of transportation and the implementation of several urban projects.



Gérard Collomb, President of Greater Lyon and Philippe de Fontaine Vive, Vice-President of the European Investment Bank, have just signed the payment of the second phase of 150M € contract.
The financial commitment of the EIB guarantees the realization of concretes infrastructures projects such as the development of urban transport pathways emphasizing sustainable means of transportation, the rehabilitation of river Saône platforms, several bridges and tunnels, and some central streets. The achievements of these projects are improving safety and the overall traffic, as well as the enhancement of natural and historical areas.
President of Greater Lyon, Gérard Collomb, has enhanced the commitment of the EIB with its urban community: " The EIB’s commitment enable the Urban Community of Lyon to carry on developing the region’s economy, especially via major projects aimed at both improving the quality of life of its citizens and making the region more competitive."
This financing support represents a long term partnership which links the EIB to many local authorities. For example, for 25 years, the various agencies in Greater Lyon have received over € 2.2 billion for the implementation of projects.
During a crisis time characterized by cuts in public funding, this program highlights the important role of the EIB in the financing of projects in favour of local authorities. In fact, the EIB has spent € 1.7 billion in investments toward French local authorities in key sectors such as transport, energy efficiency and urban planning.

To be accompanied by Welcomeurope in the identification of funds or setting up projects, please contact Sophie Le Grand: slegrand@welcomeurope.com

Source : 


More information  European Commission press release

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