The European Investment Bank has signed on 1 October a loan agreement worth €115 million with Netherlands' public transport provider RET of Rotterdam and the Metropole-region Rotterdam-The Hague, with the backing of the Juncker Plan's European Fund for Strategic Investments.

RET will use the financing to acquire new electric and diesel-hybrid buses and install related charging infrastructure, and will renew tram and metro tracks in various points around the city. The provider will also receiv...