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EIB invests €475m into Brussels’ north-south metro line
15 January 2024
The European Investment Bank (EIB) has announced a €475m (US$520 million) loan agreement with Brussels to support the transformation of the City’s Metro line 3 (M3).
Brussels gets north-south metro line with backing from EIB (Photo: EIB)
The agreement covers upgrading the existing underground metro connection between the Albert and Gare du Nord / Noordstation stops and the M3 line, the new underground metro in Belgium’s capital.
The North-South Metro is projected to be completed by 2032 and will be repaid over 25 years as part of the city’s Good Move mobility plan, which takes a transversal approach to mobility.
Rudi Vervoort, Minister-President of the Brussels-Capital Region, said, “Accomplishing metro 3 is and will remain a priority for the Brussels-Capital Region. It will significantly reduce travel time for residents, commuters, and visitors of our capital.
“I am therefore very pleased with the agreement that we have been able to achieve together with the EIB. These funds show the importance and confidence that both partners have in this public transportation project,” explained Rudi Vervoort, Minister-President of the Brussels-Capital Region.”
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