EIB lends Turkey 55 million euros for rail project
The Luxembourg-based EIB, considered as the European Union’s (EU) financing institution, is extending the loan to construct a double-track 21-kilometer-long route with 22 stations.
The project has two sections, the first had already been completed. The EIB money will be used to establish the second section and thus completing the system’s currently-missing part in the east of Bursa.
The Bursa light rail is not only solving transport problems but will contribute to the creation of a healthier environment for some 1.2 million people. The project will also help to contain growth in private car usage and alleviate traffic congestion and related environment problems.