GrCF2 W2 E2 - Vilnius Trolleybuses Fleet Renewal

repaying

Provision of a secured loan of up to EUR 38.23 million to Vilniaus Viesasis Transportas ("VVT"), the municipally-owned transport company of the City of Vilnius. The loan benefits from a EUR 7.65 million concessional loan provided by TaiwanICDF, via the High-Impact Partnership for Climate Action. The proceeds of the loan will be used to finance the purchase of up to 91 battery / electricity powered trolleybuses to renew part of VVT's ageing fleet of 159 trolleybuses. With the Project serving as the City's "trigger" investment to become a Green City as part of the Green Cities Framework 2 - Extension 2, EBRD will support the City to develop a Green City Action Plan ("GCAP"), through which the City will identify and prioritise its most pressing environmental challenges, and develop targeted investment and policy actions to address them.