EIB TRANSPORT FOR LONDON – EAST LONDON UNDERGROUND LINE LOAN
January 1st, 2006
BY KEITH NUTHALL
The EU's main lending institution, the European Investment Bank, is to make a loan of £450 million to Transport for London (Tfl) to help finance construction of the East London Line Project (ELLP) - a key component of a pounds 10 billion programme to improve transport links for the 2012 Olympic Games.
Under ELLP the existing East London line between Shoreditch and New Cross/New Cross Gate will be upgraded and lengthened to use longer trains over an extended 25 km route running north to Dalston and south to New Cross, Crystal Palace and West ...
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