The project

The Tram de Liège project involves the design, building, financing and maintenance of a new tram line in the Belgian city of Liège. The city-wide network will comprise circa 11.7km of track (including over 3km of catenary free track), 21 stations, 20 trams, two park-and-ride facilities and a maintenance depot.

Designed to improve the quality of public transport, this landmark project will offer a fast, economical and eco-friendly transport alternative. It will also provide a range of improvements to the surrounding communities. Construction began in early 2019, with completion expected by October 2022.

Status
Construction
Investment date
January 2019
Country
Belgium
Fund
DIF V
Trams at a station
11km
Track
21
Stations
20
Trams
80%
Equity stake

DIF owns 80% of the overall project, which comprises a total capex of around €430 million, with our consortium partners CAF and Colas each owning 10%. We have already established strong relationships with both and are successfully pursuing a number of opportunities around the world. The consortium is set to maintain the project until 2050.

The availability-based revenues are paid by the “Opérateur du Transport de Wallonie”, the regional public transport company, and are guaranteed by the Walloon Region.

Construction and maintenance works are subcontracted to entities jointly owned by CAF and Colas. Debt has been provided by an international group of lenders including the European Investment Bank (EIB), backed by the European Fund for Strategic Investments (EFSI).