The EIB is lending EUR 100 million to the City of Graz to finance the modernisation and expansion of its tram infrastructure. Part of the loan will also be invested in the renewal of the tram and bus fleet. The EU bank and the City of Graz have already been working closely together for several years. The loan signed today by the Mayor of Graz Siegfried Nagl and EU Vice-President Andrew McDowell is the third contract between the two partners since 2013.
Subscribe to The Financial Analyst to get original opinion and all the latest news on trending financial topics and breaking stories related to analysis and global markets. If you have a tip or a financial opinion to share get in touch to submit your story.