| Author (Person) | Chapman, Peter |
|---|---|
| Series Title | European Voice |
| Series Details | Vol.9, No.32, 2.10.03, p19 |
| Publication Date | 02/10/2003 |
| Content Type | News |
|
Date: 02/10/03 By Peter Chapman THE Czech capital of Prague has clinched a €75 million loan to help bring its metro line up to EU environmental standards and to extend the network to the north-east of the city. The European Investment Bank (EIB) said the loan will fund three new stations, helping to relieve heavy congestion on polluted roads. The Luxembourg-based EU bank believes the project will have knock-on effects on the local economy, making residential areas in outlying areas more attractive. The project will also help the Czechs - due to join the Union next year - to meet strict EU environmental standards. Meanwhile, the Port of Brussels has been granted a €22.5 million loan to help transform wasteland along the Brussels canal into a logistics and warehousing centre served by road, river, sea and rail. The EIB said the cash - the first part of a €50 million package - will help to clean-up industrial contamination of the 12-hectare site. The European Investment Bank is to loan the Czech Republic €75 million to improve its metro line and fund three new stations, thus relieving heavy congestion on polluted roads. |
|
| Countries / Regions | Czechia |
