EIB finances replacement of Barcelona’s city buses with less polluting ones

EPA/NICOLAS BOUVY

(FILE) A file photo dated 15 December 2008 showing an exterior view of the European Bank of Investment in Luxembourg. The European Investment Bank has put on hold lending to the German carmaker Volkswagen, amid concerns that a previous loan may have played a role in its emissions scandal, the president of the European Union's lending arm Werner Hoyer says 14 January 2016. 'For many, many years we have been active in high-tech research and development with Volkswagen,' Werner Hoyer said in Brussels. 'We were astonished, disappointed and we are now concerned about the allegations, including indications by senior company executives of improper and possibly fraudulent behaviour by Volkswagen.'

EIB finances replacement of Barcelona’s city buses with less polluting ones


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The European Investment Bank is financing the modernization of Barcelona’s fleet of city buses by granting a €73.5 million loan that will help Transports Metropolitans de Barcelona put 254 new, safer, less polluting and more modern vehicles into service.
The new vehicles, most of which are hybrids and electric, will make it possible to improve the city’s air quality and the service provided to passengers. The project also will enable the creation of 1000 jobs during the construction phase of the new vehicles.

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