European Commission “EIB signs EUR 50 million ‘Juncker Plan’ loan with the municipality of Las Palmas, Gran Canaria and Guaguas for new bus rapid transit infrastructure”
An article released by the European Commission provides details on the plans for the development of new bus rapid transit infrastructure within the municipality of Las Palmas, Gran Canaria and Guaguas. A EUR 50 million loan has been signed by the EIB (European Investment Bank) to support the high capacity bus network which is expected to be fully operational by 2021. The proposed development will create more than 1,000 jobs during the construction phase of the project.
The development includes the construction of a new 11.7km high-capacity bus route, three new bus stations, a traffic control centre and the acquisition of 17 new hybrid or electro energy buses. The loan will also support the construction of new cycle lanes and the widening of pedestrian pavements.
EIB Vice-President Román Escolano stated that the “EIB loan will make it possible to improve public transport in Las Palmas, Gran Canaria, increasing capacity and making it easier for islanders to use it to move around more quickly”.
Councillor and chairman of Guaguas Municipales José Eduardo Ramírez explained that the funded project will “connect Hoya de la Plata with Manuel Becerra (75% of daily journeys within the city take place in this area), will not only improve public mobility in the lower part of the city, but will also enable the restructuring of the entire network, providing a better service in the suburbs, where journey and waiting times will be reduced”.