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EIB LENDS FUNDS FOR TRANSPORT AND ENVIRONMENT IN GOTHENBURG.

The European Investment Bank (EIB) is making two loans available in the Gothenburg region of Sweden, for roads and the environment. The first loan of Euro 166 million (1.6 billion Kronor) to the V?gverket subsidiary managing the project (G?teborgs Trafikleder AB) concerns the improvement of a 3.3 km section of the G?taleden, a busy urban road running through the centre of Gothenburg. The works will reduce congestion by providing an improved dedicated route for through-traffic. The project also ties in with the renewal and re-planning of the city. A second loan of Euro 54 million (465 million Kronor) will go to the City of Gothenburg to finance Renova AB, the company that handles most waste collection and treatment activities for the city. The investments are aimed at reducing the environmental impact of waste handling activities and increasing the company's waste recycling and handling capacity. The funds will be used to modernise ageing facilities, to create new capacity and to upgrade facilities to ensure compliance with impending changes in environmental legislation.

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Title Annotation:European Investment Bank (EIB) making two loans available in Sweden's Gothenburg region
Publication:European Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:May 14, 2003
Words:175
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