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MR3: Mersin CNG Bus Project

Sector: Mass Transit • Location: Türkiye

Source: European Bank for Reconstruction and Development (EBRD)

Project
Signed

A senior unsecured loan of up to EUR 15 million to the City to finance the procurement of 100 CNG buses including (i) 30 accordion-type and (ii) 70 solo-type buses for the purpose of renewing the City's aging public transport fleet and to expand urban transport services in the City. The EBRD loan will be co-financed by a Shareholder Special Fund ("SSF") grant for a total amount of EUR 7.0 million,

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Project Information

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The project “MR3: Mersin CNG Bus Project” is an infrastructure initiative in the Mass Transit sector, located in Türkiye. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Description

Description

A senior unsecured loan of up to EUR 15 million to the City to finance the procurement of 100 CNG buses including (i) 30 accordion-type and (ii) 70 solo-type buses for the purpose of renewing the City's aging public transport fleet and to expand urban transport services in the City. The EBRD loan will be co-financed by a Shareholder Special Fund ("SSF") grant for a total amount of EUR 7.0 million, which will be utilised from the Community Resilience Window ("CRW") of the SSF.

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Source

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