Brussels, 29/09/2008 (Agence Europe) - On 25 September, the European Investment Bank (EIB) and the Communauté d'Agglomération Orléans Val de Loire (AgglO) signed a memorandum of understanding for a direct loan of €75 million to finance the CLEO project, the tram system of Orléans. Another €100 million is to be in the form of a direct loan by the EIB through its banking partners in 2009.
The EIB agreed to finance the AgglO project because of the beneficial impact that it will have on...