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EIB invests in longest road tunnel construction in Finland

Xinhua, November 13, 2015 Adjust font size:

The European Investment Bank (EIB) is providing a 100 million euros (107 million U.S. dollars) loan for the construction of a 2.3 km road tunnel, the longest one in Finland, the EIB said in a press release Friday.

The tunnel in the Finnish city of Tampere will be under construction until 2017. After its completion, the tunnel will contribute to the development of Tampere's central areas, while also improving the flow of traffic and road safety.

The long-term loan from the EIB will finance the construction of a new 4.2 km motorway, including a 2.3 km twin tunnel and improvements to 4.4 km of adjacent roads.

EIB Vice-President Jan Vapaavuori said, "The European Investment Bank strongly supports sustainable transport projects and dynamic urban development."

"We are therefore particularly pleased that the city of Tampere is working again with the EU bank to address this huge challenge of building the longest tunnel in Finland," said Vapaavuori. Endit