EIB and EU finance greener transport in France

Green Forum
The Lille Metropolitan area (Métropole européenne de Lille) has been awarded a green loan of €245 million by the European Investment Bank (EIB) to fund its public transport network and cycling paths. The loan is combined with a €31.5 million grant from the European Commission via the Public Sector Loan Facility (PSLF) set up under the European Green Deal's Just Transition Mechanism (JTM). This will bring the total budget of the project to over €400 million.

The European Climate, Infrastructure and Environment Executive Agency (CINEA) is responsible for managing this grant and monitor the implementation of the project. This joint blended financing support from the EIB and the European Commission will unlock additional investment for public entities in the European regions most affected by the transition to achieve EU climate and energy targets.

The Green Mobility (GREENMO) project will target various parts of the Lille Metropolitan area public transport infrastructure. The project covers the modernisation of the tram network through the replacement of 30 trams, the roll out of 42 hydrogen-powered buses and the improvement of platforms, depots and other related transport facilities. It will also support the development of an ambitious cycling plan and related infrastructure to improve safety for cyclists.

On completion of the project, around 1.2 million people of the Lille Metropolitan area will benefit from a more efficient, affordable and environmentally friendly public transport service. This improved public transport offer will accelerate change in user behaviour, with an increase in the use of modes of transport alternative to the private car, and reduce its usage in Lille from 56% in 2023 to 40% by 2035. Furthermore, the project is anticipated to significantly transform the Lille Metropolitan area into a bicycle-friendly city. Consequently, greenhouse gas emissions will be reduced by around 90,000 tonnes-equivalent of CO2 annually and around 4,000 direct and indirect jobs will be created.

RECOMMENDED
EIB to support green transport projects in Romania
Mobility

EIB to support green transport projects in Romania

The European Investment Bank (EIB) will advise the Romanian municipality of Ploiești on green transport projects as part of a Europe-wide push to make urban life healthier for people and the environment.

RECOMMENDED FROM THE HOME PAGE
Energy

EDP inaugurates Albina solar plant in Romania

EDP, through EDP Renewables, a global leader in the development of renewable energy, has inaugurated the Albina photovoltaic power plant – an important step for the company.

Environment

Auchan Romania introduces mixed packaging return system

Auchan Romania is expanding its options for collecting beverage containers made of PET, aluminum, and glass marked with the DRS (Deposit Return System) symbol by introducing an innovative system uniquely capable of accepting all three types of packaging in bulk, without requiring prior separation by the consumer.

Environment

EU launches €1 billion ocean pact

The European Commission has adopted a new European Ocean Pact, a bold initiative aimed at protecting marine ecosystems while fostering a sustainable blue economy and supporting the well-being of coastal communities.

READ MORE
Green Forum  |  13 June, 2025 at 4:15 PM
Green Forum  |  13 June, 2025 at 12:05 PM