KAUNAS PUBLIC TRANSPORT FLEET RENEWAL (EIB-20170741)

Countries
  • Lithuania
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
UAB KAUNO AUTOBUSAI
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 29.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 25 million
Converted using 2018-07-30 exchange rate.
Project Cost (USD)
$ 58.51 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 50 million
Converted using 2018-07-30 exchange rate.
Corporate Actor Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 8, 2018


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Project Description

The project aims to modernise the public transport in the City of Kaunas (the second largest city in Lithuania) through (partial) fleet renewal and network improvements:
(i) The acquisition of approximately 85 low floors, electric, zero emission, articulated trolley, and buses,
(ii) The acquisition of up to 50 lower emission, low floor EURO 6 diesel buses.
(iii) Partial rehabilitation of the trolley bus infrastructure.

According to the bank document, the project entails the acquisition of new rolling stock and some minor rehabilitation work for the trolleybus infrastructure to improve the quality of Kaunas public transportation fleet, and thus the quality of the services delivered to the public. This is expected to secure and maybe enhance the number of passengers making use of public transport system in the city.

 

Investment Description
  • European Investment Bank (EIB)

The EIB will require the Promoter to ensure that contracts for the implementation of the programme have been and will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Private Actors
Contact Information

*There is no further contact information disclosed at this project stage*

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