Brussels, 01/06/2005 (Agence Europe) - The European Investment Bank (EIB) is lending £100 million (EUR 145mil) for the extension of Docklands Light Railway. This project will provide a new transport link across the River Thames, connecting North Woolwich to Woolwich Arsenal in South London. This operation forms part of London's Transport Strategy and is expected to contribute to the regeneration of the Thames Gateway area thus promoting regional development. The River Thames in this area has long been recognized as a significant barrier to opportunities for the deprived communities on both sides, and the scheme is seen as increasing access for these communities as well as contributing to the attractiveness of proposed development sites at Royal Docks and around Woolwich town centre. As a public transport scheme, the project will also increase the attractiveness of the public transport network, improving the co-ordination, reliability and integration of the system, in addition to providing additional opportunities for interchange with other modes of public transport. The project will take the form of a Public Private Partnership (PPP). EIB funds will be lent directly to the private concessionaire, Woolwich Arsenal Rail Enterprises Limited (WARE), a special purpose vehicle owned by AMEC Investments Limited and Royal Bank Project Investments Limited. WARE will design, construct, maintain and make available the DLR extension under a 30-year concession, granted by The Docklands Light Railway Limited (DLRL), which is ultimately owned by Transport for London. The provision of passenger services and rolling stock will remain the responsibility of the DLRL.