EBRD agrees €7m loan for new clean energy buses in Novi Sad
The European Bank for Reconstruction and Development is financing improvements to public transport in Novi Sad, Serbia, with a €7 million loan.
The funds to the Public Transport Company of Novi Sad will allow the company to buy new buses that run on compressed natural gas, which, compared to diesel buses, significantly reduce pollution emissions.
They will also be equipped with wheelchair lift access and allocated areas for disabled people. This project is part of the wider ongoing bus fleet renewal, which the company started earlier this year. The CNG-powered buses financed by the EBRD will be in use from 2020.
It represents the first project under the EBRD Green Cities programme in an effort to tackle environmental challenges in the city.