A new network of sustainable electric buses in RotterdamOctober 1, 2019
Hat: A new network of sustainable electric buses in Rotterdam
Funding Scheme: 2019-10-01
Pgm2014 2020: Yes
The Junker plan and the Connecting Europe Facility fund will provide financial help to the new sustainable network of electric buses in the metropolis of Rotterdam-the Hague.
The European Investment Bank (EIB) has signed a loan agreement worth €115 million with public transport provider RET of Rotterdam and the Metropole-region Rotterdam-The Hague. RET will use the financing to acquire new electric and diesel-hybrid buses and install related charging infrastructure. It will also renew tram and metro tracks in various points around the city. The EIB financing was made possible with the backing of the Juncker Plan’s European Fund for Strategic Investments. RET will also receive a subsidy from the Connecting Europe Facility (CEF).
As of September 2019, the Juncker Plan has mobilised €433.2 billion of additional investment, including €12.3 billion in the Netherlands. The Plan is currently supporting 972,000 small and medium businesses across Europe.
Url description: Europa - Press release