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Nov 24, 2009 13:42 EEST
CHISINAU (Moldova), November 24 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) is considering providing a loan to co-finance a project aimed at revamping the electrical public transport in the Moldovan capital Chisinau, the bank said.
"The Bank will provide a loan to the company [Chisinau electrical public transport company], and is requesting EIB co-financing with a complementary loan. The loans, amounting to a total of 10 million euro, would be complemented by a 3.0 million euro grant for capital expenditure, which has been provisionally approved by the EU Neighbourhood Investment Fund," EBRD said in a procurement notice for consultancy services.
The EBRD and EIB loans would be extended directly to the company, and would be backed by a municipal guarantee of the city of Chisinau, it added.
The project envisages the purchase of up to 90 trolleybuses and spare parts, and rehabilitation of depot and the electrical infrastructure, EBRD said.
Chisinau, with a population of more than 700,000, operates 322 trolleybuses on 24 routes on a 265-kilometre network powered by 47 power substations.
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