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"Manchester's Metrolink expansion scheme is to receive £500 million in long-term low-rate loans from the European Investment Bank.
"The EIB, the EU's long-term lending arm, offers finance for major projects seen as promoting EU economic polices. In the last five years, it has provided more than £17 billion for UK projects.
"The money for Manchester was described by the EIB today as part of the bank's pledge to support:
"sustainable public transport in leading European cities, and to reduce reliance on private car use."
"The Network, our kid:"
"Sound mate, sound."
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