EIB to finance Helsinki’s tram acquisition

European Investment Bank has under appraisal Helsinki’s project for tramway acquisition. The project involves the purchase of 40 vehicles with a total cost of EUR 138 million of which the proposed EIB finance is EUR 69 million.
The project is part of the investment plan of Helsinki City Transport (HKL), approved by the City of Helsinki, aiming to enhance the public transport system and move towards a more environmentally and financially sustainable transport system in the city. The project will improve the quality of public transport service in terms of speed, comfort and reliability and increase the attractiveness of public transport in the urban area. This will help to reduce reliance on private cars and the negative impact of transport on the environment, thereby contributing to tackling climate change.

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