📋 Tender Overview
Location: Lithuania
Project number: 54940
Business sector: Municipal and environmental infrastructure
Notice type: State
EBRD Finance Summary: EUR 40,000,000.00
Total Project Cost: EUR 97,450,000.00
Project 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.
Project Objectives
By improving the quality and reliability of trolleybuses and electric buses, the Project is expected to improve the attractiveness and increase the ridership of Vilnius' public transport, and therefore to encourage a modal shift towards low-emission, electric transport modes. The Project is expected to result in reduced emissions and enhanced energy efficiency. The Project is part of the City's GCAP to achieve sustainable mobility in Vilnius, which aims to make public transport the backbone of transport in Vilnius by ensuring quick and safe transport within the city and by increasing connectivity between the city and peripheral areas through public transport service.
Transition Impact
ETI score: 70
The Project is in line with the GrCF2 W2 Framework, a strategic and multi-project approach framework targeting environmental issues in selected large cities in the Bank's countries of operation. The Transition Impact of the Project is focusing on two pillars.
Green: The Project will enable VVT to purchase new articulated IMC trolleybuses and standard battery / electricity powered buses (with zero tailpipe emissions), as part of its ageing fleet replacement programme. Modernization of VVT's fleet will improve the attractiveness of public transport, and promote a modal shift towards cleaner transportation and away from personal vehicles. The Project is part of the City's GCAP.
Competitive: The Project will enable the deployment of combined fleet of electric buses and articulated IMC trolleybuses improving cost-efficiency (as it will replace ageing fleet and therefore reduce maintenance needs) and introducing a much-needed technological solution as one of the first in the transport sector in Lithuania
