Darīts! Šodien mēs izmaksājām pirmo EUR 50 miljonu daļu @Rigassatiksme_ jaunajiem tramvajiem, kas drīzumā kursēs Rīgas ielās. Apsveicam ar sasniegto un aicinām visas Latvijas pašvaldības izmantot EIB finanšu iespējas. pic.twitter.com/rA04IZkMnW— EIB - the EU bank (@EIB) January 12, 2018
"Done! Today we paid the first EUR 50 installment to Riga Transport for the new trams which will soon ride through Riga's streets," the EIB tweeted.
As previously reported by LSM, the money will also be used to construct a controversial new tram line, with the total cost expected to be just under 100 million euros.
In March 2015 the EIB and the Latvian Ministry of Finance agreed to establish a EUR 200m loan facility for Latvia to support investments in energy, sustainable transport infrastructure and other fields, including for the first time also in rural development.
During the period 2012-2016, the European Investment Bank invested a total of EUR 452.5 million in Latvia.
The total investment of the EIB Group (the European Investment Bank and the European Investment Fund) in Latvia in 2016 was EUR 10 million.