EIB lends €200m to Madrid Metro
SPAIN: Metro de Madrid announced on November 10 that it had been granted a €200m loan by the European Investment Bank. Being provided over a period of three years on what the metro says are ‘very advantageous’ terms, the loan will fund investment projects.
Major projects to be undertaken during the metro’s 2017, 2018 and 2019 financial years include an accessibility improvement programme, which will see 80 lifts installed at 32 stations to provide step-free access. According to the metro, there are 322 000 people with disabilities living in the Madrid region.