EBRD extends €17m loan to Georgia for 175 electric buses

02/12/2019 09:07 Renewable

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The EBRD is extending a €17 million (£14.5m) sovereign loan to Georgia in order to fund electric bus deployment.

The cities of Gori, Kutaisi, Poti, Rustavi, Telavi and Zugdidi will receive a total of 175 clean vehicles and are expected to benefit from reduced air emissions and improved mobility.

 

The money will be used by the Municipal Development Fund of Georgia (MDF) to help update outdated municipal transport – the new Euro 5 diesel buses are expected to result in emissions reductions of around 34%.

 

The project will help Georgia to align with EU standards.

Source: energylivenews.com

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