This funding package supports several of the Métropole’s projects promoting alternatives to private cars: work to upgrade 3.2 km of tram routes on lines 1, 2 and 3 together with the purchase of 46 new Citadis trams, which will gradually replace older units; the construction of the new Babinière tram technical and operations center (CETEX) with a new, redeveloped multimodal interchange hub and park and ride; and the creation of 38 km of a total of 50 km of cycle paths planned by the Métropole.
This EIB loan has a 30-year term and comes with a €30 million grant from the European Commission under the Just Transition Mechanism. This mechanism makes it possible to finance public investment in European regions for the transition to a low-carbon economy, with €1.5 billion of grants funded by the EU budget.
Nantes Métropole is participating in the European Union’s mySMARTLife project (sustainable mobility infrastructure for low emissions and quality services), the main goal of which is to foster the development of a more sustainable city, the reduction of CO2 emissions and the development of renewable energies via innovative solutions in the mobility, energy and digital fields.