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GrCF2 W2 - VVT Fleet Renewal - Phase 2

Sector: Government • Location: Lithuania

Source: European Bank for Reconstruction and Development (EBRD)

Project
Signed

Provision of a secured loan of up to EUR 40 million to Vilniaus Viesasis Transportas ("VVT"), a transport company owned by the City of Vilnius (the "City"). The proceeds of the loan will be used to finance the purchase of up to 73 new articulated IMC trolleybuses and up to 71 standard battery / electricity powered buses, to renew part of VVT's ageing fleet. The Project is part of the Green Cities

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The project “GrCF2 W2 - VVT Fleet Renewal - Phase 2” is an infrastructure initiative in the Government sector, located in Lithuania. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Description

Description

Provision of a secured loan of up to EUR 40 million to Vilniaus Viesasis Transportas ("VVT"), a transport company owned by the City of Vilnius (the "City"). The proceeds of the loan will be used to finance the purchase of up to 73 new articulated IMC trolleybuses and up to 71 standard battery / electricity powered buses, to renew part of VVT's ageing fleet. The Project is part of the Green Cities Window 2 Framework ("GrCF2 W2 Framework") and a continuation of the City's implementation of the developed Green City Action Plan ("GCAP"), through which the City identified, and is currently prioritising, its most pressing environmental challenges with targeted investments and policy actions to address them.

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