The European Bank for Reconstruction and Development (EBRD) is providing a loan of 100 million lei (€22 million) to the Romanian city of Constanta for the acquisition of new low emission buses.
The introduction of the low emission vehicles is part of a public transport upgrade for Romania’s largest Black Sea port. Home to a population of 425 000, Constanta is also an important hub for commerce, trade and tourism.
The new low-floor buses will also be able to accommodate passengers in wheelchairs or with pushchairs. The vehicles will comply with the European Commission's Euro 6 emission standards for diesel engines, resulting in cleaner air and a more pleasant and efficient commute.
As part of the financial package, the EBRD plans to mobilise grant financing to help the municipality enhance its transport operations through a joint-stock company that will operate on commercial principles in order to improve the quality of services.
The Bank will also support the city in establishing a regulatory body to manage public transport services in the metropolitan area of Constanta.
An additional grant will aim to help the newly established urban transport company to develop a tool to compare operational performance over time and gain information on industry standards in order to continue improving performance.
For more information, visit ebrd.com.