News
09 January 2020
€68m EIB loan helps finance 40 electric trains in Naples
In:
Social infrastructure
Region:
Europe
The European Investment Bank is helping to finance a new fleet of 40 electric trains for the railway network serving Naples with a €68 million loan.
It forms part of five-year investment plan of Ente Autonomo Volturno (EAV), the Campania Region's railway management authority. EAV's total investment of around €220 million will be used to replace 40 trains that have reached the end of their useful life. The new trains will be deployed on the six lines of the Circumvesuviana. The busiest line is the Naples-Sorrento line which, besides being a commuter line, also serves a large number of tourist destinations and cultural heritage sites such as Herculaneum and Pompeii.
The EIB loan is guaranteed by the European Fund for Strategic Investments.
