The European investment bank (EIB) has agreed to provide €250m in grants to Finland’s Helsinki metro (HKL) to raise capacity, modernise equipment and improve passenger comfort and environmental standards of Helsinki’s public-transport system.

The scope of work includes new metro trains, automating the metro signalling system, modernising the metro train depot, renovating metro stations and track.

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The work also includes construction work and equipment along a 25 km bus rapid transit route.

The project will be carried out in the years 2011-2016.

Earlier in 2011, the EIB had extended €450m loan to the project company Länsimetro, owned jointly by the City of Espoo and the City of Helsinki for the construction of a 14-km metro line from Central Helsinki to Espoo.

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