EIB supports improvement of public transport in the city of Plzeň

The European Investment Bank (EIB) is lending EUR 50m (some CZK 1.25bn) to a public transport provider in the Czech city of Plzeň. The loan will help implement Plzeň’s sustainable transport strategy, which aims to improve urban public transport while minimising the negative impact of transport on the environment and on urban life.

The financing will enable the purchase of some 34 trams and approximately 34 trolley buses to replace existing vehicles. The project also involves the reconstruction of depot facilities and the modernisation of the power supply infrastructure.

“If we want to draw more people to public transport we need to make it comfortable and reliable,” said EIB Vice-President Vazil Hudák and continued that “EIB support for Plzeň will increase the quality and the safety of local transportation services, thereby making them more attractive. This project will not only have a positive impact on the environment of the fourth biggest city in the Czech Republic; it will also contribute to the climate goals of the EU and its bank.”

The financing follows a number of EIB loans, which helped build infrastructure in the Plzeň region. One of these loans financed cultural projects and supported Plzeň’s successful stint as European Capital of Culture in 2015. The EU bank also financed an upgrade of Plzeň’s water infrastructure in 2008 and 2005, a motorway bypass in 2002 and the D5 motorway connecting Plzeň with Prague and Nuremberg in 1997.

Original source: EIB
Published on 01 July 2019