“Brussels Metro Project Faces Financing Challenges: Latest Updates and Analysis”

2023-05-25 13:32:00

It will do so “on the basis of the analysis and recommendations of Beliris, the design offices and STIB, and on the basis of the dialogue with the federal government and the assessment of the financial options to ensure the sustainability of the financing of the Metro”.

Beliris informed the Brussels Region on Monday of the receipt of two commercial offers for the “civil engineering of the tunnel & stations” of the metro project between the Gare du Nord and Bordet.

”After an initial analysis by Beliris, it appears that the amount of the offers greatly exceeds the updated estimates. The government intends to assume its responsibilities both for the development of the public transport offer and for budgetary sustainability”, specified the Brussels ministers, at the end of the meeting.

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The Brussels executive has further clarified, via the Belga agency, that it wishes to initiate a dialogue with the federal government and Beliris, which it asks to “provide it with an in-depth analysis of the offers making it possible to objectively identify the reasons for the discrepancy between updated estimates and commercial offers”.

The Vervoort team has also indicated that it would ask the Federal government to examine its capacity for greater participation in this North metro project. She says she finds that in most countries, capital cities are very substantially supported by the State and/or the territorial entities surrounding them for the construction of metro infrastructures that serve the overall economic development of the territories.

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