Bucharest to receive EUR 266 mln EIB loan tranche to modernize tram network
Bucharest is set to receive a EUR 266 million loan tranche from the European Investment Bank (EIB) to modernize its tram network, as part of a broader effort to improve urban mobility and reduce emissions. The financing will allow the city…
Irina Marica · Journalist
· Updated · 2 min read
Bucharest is set to receive a EUR 266 million loan tranche from the European Investment Bank (EIB) to modernize its tram network, as part of a broader effort to improve urban mobility and reduce emissions. The financing will allow the city to renovate around 50 km of tracks, introduce new vehicles, and upgrade depots, the bank announced.
The tram network serves approximately 500,000 passengers daily. The modernization works are expected to be completed by 2030.
