The European Investment Bank (EIB) has signed off EUR100 million to finance phase two of the West Metro project in Helsinki. Altogether, a loan facility of EUR 450 million has been approved for the second phase of the project. Additional payments will be made throughout 2017.
The West Metro extension to Espoo will open in two phases. The first is a 14-kilometre section between Ruoholahti and Matinkylä, which received a EUR 450 million loan from the EIB in 2011. Phase one is due to open in early 2017.This will be followed by a seven-kilometre route between Matinkylä and Kivenlahti.
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