The European Investment Bank (EIB) has signed a € 50m loan with the municipality of Las Palmas, Gran Canaria (Spain) and municipal transport company, Guaguas, for new bus rapid transit (BRT) infrastructure.
The loan has an Investment Plan for Europe guarantee, and work on the high-capacity line will begin over the next quarter, with the aim of building 11.7 km of roadway dedicated to bus transport.
