EIB lends Czech Republic 75 million euro for construction of Prague Metro

Representatives of the European Investment Bank and the City of Prague on Wednesday signed a 75 million euro loan for the construction of the extension of Prague's metro line C. Prague is investing massively in its public transport system with the goal to reduce congestion and pollution, and to modernise its system in line with European standards. The project will extend Prague's metro line C from Ladvi to Letnany, in the north-eastern part of the city, adding 4.6 km of tracks and 3 stations. The extended metro line will make the residential quarters in the served areas more attractive and will help the Czech Republic to implement EU environmental standards through a significant reduction of pollution due to usage of environmentally friendly transport.