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EBRD to Finance 175 New Buses for Six Cities in Georgia

Auto News - Published on Mon, 02 Dec 2019

Image Source: Auto Georgia
The EBRD is extending a EUR 17 million sovereign loan to Georgia that will be on-lent to the Municipal Development Fund of Georgia to purchase 175 new buses for six cities Gori, Kutaisi, Poti, Rustavi, Telavi and Zugdidi to help rehabilitate outdated municipal transport. The project is part of the Bank’s broader engagement in Georgia’s public transport sector, with investments tailored to the needs of cities to support reforms and achieve sustainable operations with low-emission technology. Replacing outdated bus fleets with modern low-floor, low-entry buses is expected to have a considerable environmental and social impact. With the new Euro 5 diesel buses, emissions should be reduced by 34 per cent.

The project will help Georgia to align with EU standards, ensuring environmentally friendly, efficient and safe transport systems and promoting the use of clean, energy-efficient vehicles while also enhancing the qualifications of drivers.

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Posted By : Arun Huidrom on Mon, 02 Dec 2019
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