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October 02, 2009

EIB boost for Paris light rail extension

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THE Vice-President of the European Investment Bank Mr Phillipe de Fontaine Vive Curtaz, and the Deputy Mayor of Paris Ms Anne Hidalgo have signed a Euros 500 million agreement to finance the eastern extension of Paris Transport Authority (RATP) light rail Line T3.
Construction began on the 14.5km extension from the existing terminus at Porte d'Ivry to Porte de la Chapelle earlier this year and the project is due for completion in late 2012. The extension will have 26 stations, including interchanges with the metro and RER networks.
The city council is contributing Euros 433.6 million to the project, while the Ile de France regional government is providing the remaining Euros 218.3 million.
EIB has already provided Euros 130 million towards the initial 7.9km phase of Line T3 between Pont Garigliano and Porte d'Ivry, which opened in December 2006 and carries around 110,000 passengers per day.

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