\n\t\tThe EBRD is lending \u20ac38.23 million to JSC Vilniaus viesasis transportas
\n\t\tLoan to fund the purchase of up to 91 battery- or electricity-operated trolleybuses
\n\t\tThe city of Vilnius to become the first municipality in the Baltic states to join the EBRD\u2019s flagship Green Cities programme<\/p>\n
\n\tThe EBRD is supporting the development of greener public transport\u00a0in Vilnius, by providing a \u20ac38.23 million loan to JSC Vilniaus viesasis transportas (VVT), the city\u2019s urban transport company, to upgrade their trolleybus fleet to modern standards.<\/p>\n
\n\tThe loan is complemented by a \u20ac7.65 million concessional loan provided by the TaiwanICDF, via the High-Impact Partnership for Climate Action (HIPCA; also supported by Austria<\/a>, Finland<\/a>, the Netherlands<\/a>, Switzerland<\/a>, Spain<\/a> and the United Kingdom<\/a>).<\/p>\n
\n\tThe EBRD\u2019s investment will enable VVT to purchase up to 91 modern battery-electric trolleybuses with \u2013n-motion charging (enabling route flexibility and fully autonomous battery-electric driving for limited distances) and zero tailpipe emissions. This will support the company in transitioning to an all-electric fleet of vehicles, while enhancing the quality, reliability and accessibility of Vilnius trolleybus services.<\/p>\n
\n\tThe improved daily commute for Vilnius residents, including those with limited mobility, will encourage a modal shift from private vehicle usage to the use of public transport, contributing to significant reductions in local air pollution and greenhouse gas emissions, and helping to avoid 2,240 tonnes of CO2 emissions per year.<\/p>\n
\n\tThe investment will also serve as a trigger project for Vilnius to join the EBRD\u2019s flagship Green Cities programme. The programme supports cities as they transition towards a greener future across all urban sectors and uses a systematic approach to identify, prioritise and address their most pressing environmental challenges.<\/p>\n
\n\tVilnius will become the first EBRD Green City in the Baltic states, in keeping with its recent selection as one of the European Union\u2019s Net Zero Cities (NZCs).The NZC programme is part of the broader EU Green Deal, with ambitions to achieve urban climate neutrality by 2030.<\/p>\n
\n\tSusan Goeransson, Head of Infrastructure Europe in the EBRD\u2019s Sustainable Infrastructure Group, said: \u201cVilnius is one of the largest cities and faster-growing capitals in the Baltic states and we are proud to support investments for more sustainable, accessible, inclusive and reliable urban transport in the city. This is a project of great significance as it will\u00a0 tangibly improve the commuting experience of Vilnius residents and encourage more people to use public transport. We are also pleased to welcome Vilnius to our Green Cities network and support them in meeting their climate objectives. We hope this paves the way for other green cities in the region.\u201d<\/p>\n
\n\tVilnius city Mayor Remigijus \u0160ima\u0161ius said: \u201cVilnius has already renewed a large percentage of its buses. Now it is time to buy trolleybuses…[or] rather, electric buses that charge from the catenary cable and can run part of the route without direct contact with it. I am pleased that we already have bank financing and that the procurement procedures are being finalised. Soon, public transport will be even more attractive to passengers. We are also very happy that Vilnius will now form part of the EBRD Green Cities programme, which will enhance the city\u2019s substantial green efforts of past years and will complement its ambitions to achieve climate neutrality by 2030 through the EU NetZeroCities programme.\u201d\u00a0<\/p>\n
\n\tDarius Aleknavi\u010dius, CEO of VVT, said: \u201cThis project will enable VVT to purchase new electric-powered trolleybuses with battery technology for autonomous (off-grid) operations, with zero tailpipe emissions and with modern standards in terms of comfort, accessibility, speed and quality. As part of VVT\u2019s programme of fleet modernisation, we are ready to replace all our ageing vehicles in the future, as well as increase our competitiveness in the market with the best price and running costs.\u201d<\/p>\n
\n\tVVT is the 100 per cent municipally owned operator of the city\u2019s buses and trolleybuses on its urban and suburban networks. VVT was established in 2011 by merging the bus operator and trolleybus operator into a single entity.<\/p>\n
\n\tThe EBRD is a leading institutional investor in Lithuania, with \u20ac1.3 billion invested in 117 projects there to date.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The EBRD is lending \u20ac38.23 million to JSC Vilniaus viesasis transportas
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