EBRD invests in trolleybuses for Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD) is boosting support for public transport in the Kyrgyz Republic with a US$10.1 million sovereign loan, accompanied by a US$ 5.5 million grant from the EBRD’s Shareholder Special Fund, for the benefit of the municipally owned Bishkek Trolleybus Company.
March 26, 2012 Read time: 1 min
The 2001 European Bank for Reconstruction and Development (EBRD) is boosting support for public transport in the Kyrgyz Republic with a US$10.1 million sovereign loan, accompanied by a US$ 5.5 million grant from the EBRD’s Shareholder Special Fund, for the benefit of the municipally owned Bishkek Trolleybus Company.

The loan will enable the city of Bishkek to buy about 44 high-floor and 32 low-floor trolleybuses, to partially upgrade related infrastructure, and provide support for the introduction of electronic ticketing in the city. This is expected to reduce CO2 emissions from public transport in Bishkek by eight per cent.

For more information on companies in this article

Related Content

  • US DOT announces funding opportunity to improve transit bus service
    July 14, 2017
    The US Department of Transportation’s (US DOT) Federal Transit Administration (FTA) has announced approximately US$226.5 million in competitive grant funding for transit bus projects nationwide.
    Read More
  • Why the US said ‘yes’ to public transportation on 8 November
    March 29, 2017
    Historic funding boost reflects America’s awareness of transit’s contribution to economic growth and quality of life. Something unexpected happened on Election Day 2016, a result nobody expected; public transportation was a clear winner. There were 49 transit-related funding initiatives on ballots across the nation, of which about 70% were passed.
    Read More
  • Smart parking system market to reach US$368.7 million by 2024
    May 27, 2016
    The global smart parking system market size is expected to reach US$368.7 million by 2024 according to a new study by Grand View Research, Inc. Favourable government initiatives and increasing public sector funding will favour the growth and adoption of smart parking system for the forecast period. The industry is anticipated to witness an upsurge in demand for smart parking systems in transport transit and commercial applications segment, and it is subsequently expected to impel the growth in the industry.
    Read More
  • EU presents a strategy towards C-ITS
    December 1, 2016
    The European Commission has adopted a European Strategy on Cooperative Intelligent Transport Systems (C-ITS), a milestone towards cooperative, connected and automated mobility. The Strategy will make it possible to deploy vehicles that can communicate with each other and the infrastructure on EU roads as of 2019. Digital connectivity is expected to significantly improve road safety, traffic efficiency and comfort of driving, while boosting the market of cooperative, connected and automated driving and th
    Read More

Highlighted Content