EBRD finances new buses for six cities in Georgia

The European Bank for Reconstruction and Development is extending a €17 million sovereign loan to Georgia that will be on-lent to purchase 175 new buses for six cities – Gori, Kutaisi, Poti, Rustavi, Telavi and Zugdidi.

The financing, which will be on-lent to the Municipal Development Fund of Georgia, will replace outdated bus fleets with modern low-floor, low-entry buses -  a move that is expected to have a considerable environmental and social impact. With the new Euro 5 diesel buses, emissions should be reduced by 34%.