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EBRD mulls lending 7 mln euro to Serbia's Novi Sad for bus fleet renewal

Author Radomir Ralev
EBRD mulls lending 7 mln euro to Serbia's Novi Sad for bus fleet renewal Photo: EBRD

BELGRADE (Serbia), October 17 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said it is considering lending up to 7 million euro ($7.8 million) to the Serbian city of Novi Sad for the acquisition of 30 Compressed Natural Gas (CNG) buses.

The financing will be used by Novi Sad's public transport company to finance the purchase of 25 solo and five articulated CNG buses to renew its fleet, the EBRD said in a notice posted on its website last week.

The project has passed concept review and has a target board date of November 26.

The acquisition of the buses is expected to contribute to the improved quality of bus transport service in the city and enhance the sustainable mobility solutions, the EBRD said.

($ = 0.90596 euro)

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