Cabildo allocate €8m for Metroguagua

The president of the Cabildo of Gran Canaria, Antonio Morales has announced that the island corporation will allocate €8 million to the MetroGuaGua project in the capital of Gran Canaria and in doing so becomes the first institution to commit to this important project for sustainable and modern mobility in Las Palmas.

Together with the Las Palmas de Gran Canaria Councillor for Mobility, José Eduardo Ramírez, the island president explained that the announcement comes after several meetings with municipal representatives and will advance next Monday, February 20, with the formal signing of the agreement.

Although it will be the city council that will set the pace of the development, explained Morales, he expressed his desire that the Canarian government and the state also commit to this project that will benefit the population of the capital of Gran Canaria and the 900,000 inhabitants living on the island.

The City Council of Las Palmas de Gran Canaria, Morales said, has designed a sustainable urban mobility plan that aims to achieve an efficient, clean and a reasonably priced alternative to solve problems. “It’s about maintaining  well-connected, quality public transport, important also because it guarantees equality and offers a public service that allows people with fewer resources to have a comprehensive mobility in the whole of the city.”

In addition, this he said is “fully in tune” with the Cabildo of Gran Canaria’s  ‘ecoisla’ project, a premise of which is sustainable mobility.

The mayor of Las Palmas de Gran Canaria, Augusto Hidalgo, the Mobility Councilor and the president of Municipal Guaguas, José Eduardo Ramírez, travelled this week to Luxembourg to sign a previously approved agreement with the European Investment Bank (EIB) for a loan of €50 million to finance the MetroGuagua.

This EIB loan, which accounts for half of the investment needed to start the transit system project is included in EU President Juncker’s European Union strategy plan, to invest more than EUR 160 billion in development projects for EU member countries.