CEB agrees COVID-19, green bus financing in Lithuania
The Council of Europe Development Bank (CEB) has approved a €100 million loan to support the Lithuanian government’s response to COVID-19.
CEB also agreed a €21.5 million loan to Kauno Autobusai, the public transport company in Kaunas City Municipality, for investments in sustainable mobility.
The COVID-19 response plan financing will cover the purchase of personal protective equipment, reagents, medical equipment, and consumables, for the use of healthcare workers and the benefit of people seeking treatment. CEB financing may also finance the acquisition and lease of computers for socially disadvantaged pupils who do not have access to remote learning.
The funds provided by the CEB to Kauno Autobusai will support the purchase of 100 hybrid buses, fully adapted to the needs of people with limited mobility.
