Luxembourg , 07/04/2003 (Agence Europe) - The European Investment Bank (EIB) is supporting the modernisation of London Underground with a long-term £900 million (EUR 1.3 bn) loan facility. £300 million (EUR 436 m) was made available to the Tubelines -sponsored Infraco JNP at the end of 2002 and £600 million was pledged on 4 April at the financial close of the Metronet transactions (Infracos BCV and SSL).
Each Infraco will under the Public Private Partnership (PPP) promoted by London...