The #EBRD is granting a 13-year #loan of up to #EUR 15 million to finance the purchase of new eco-friendly #trolleybuses for the city of #Lviv. Moreover, EUR 2.5 million will be provided by the Clean Technology Fund. The implementation of the project is aimed at reducing electricity consumption and cutting CO2 emissions.
Visit our website if you are interested in #doing business in Ukraine or looking for new #investment opportunities
The city of Lviv, the largest municipality in western Ukraine with a population of over 700,000, will receive a loan package of up to EUR 17.5 million arranged the European Bank for Reconstruction and Development (EBRD) and co-financed the Clean Technology Fund. The project will be implemented with the assistance of the EU-funded Municipal Project Support Facility (MPSF). The EBRD investment in Lviv transport system is aimed at reducing power consumption by approx. 20% and cutting CO2 emissions by 1,907 tons per year.
The loan extended to the municipality of Lviv will be used to finance the purchase of new low-emission trolleybuses, which should help reduce CO2 emissions. In particular, it is planned to acquire up to 50 new trolleybuses and related maintenance equipment, to rehabilitate and modernize two electric transport depots and the overhead line network.
The funding made available to the municipal public transport company LvivElectroTrans was distributed through a competitive bidding process. Lvivelectrotrans signed a contract for the supply of 50 12 meter long low-floor trolleybuses. According to the contract, the first 10 trolleybuses shall be supplied six months after the contract signing. The contract duration is 44 weeks from the date of receipt of the advance payment by the supplier.
The EBRD is the leading international financier of renewable energy and energy efficiency projects in Ukraine. To date, since the start of its cooperation with Ukraine in 1993, the EBRD has financed 418 projects with a cumulative investment portfolio of almost EUR 13.1 billion.