Munich/Paris, 6 February 2017 - pbb Deutsche Pfandbriefbank, the public
investment finance specialist bank, has provided a €107 million loan to Metropolitan Lyon (“Métropole de Lyon”). The long term loan will fund investment to Support economic development, employment, mobility, motorless transport options, building and maintenance of secondary schools, as well as the development of urban projects. The transaction was signed in December 2016.
Housing policy, mobility for people and goods, education and urban growth are at the heart of Metropolitan Lyon’s 20 year investment plan. Metropolitan Lyon is investing to improve quality of life for its residents, enhance access to the territory and boost its attractiveness to both investors and visitors.
Jean Christophe, Head of Public Investment Finance and General Manager of the French branch of pbb Deutsche Pfandbriefbank said: “We are very proud to announce that Metropolitan Lyon has renewed its confidence in pbb. This new loan aims to support further development of the Metropolitan Lyon at a time when its role is gaining in importance as an actor in territorial development policy.”
Metropolitan Lyon is a French territorial authority created by the merger of the Urban Community of Lyon and the Rhône Department. It covers 59 municipalities and 1.3 million inhabitants.