| Project Detail |
Project Description
A senior loan of EUR 45 million loan to EGO Genel Mudurlugu, the Ankara Transport Company. The proceeds will be used for the procurement of 250 Compressed Natural Gas, or CNG, buses and installation of two fuelling stations. In addition, the companys own funds will be used to procure 30 diesel, EURO 6 compliant buses as part of the project.
Project Objectives
New buses will help to tackle the growing demand for public transport. It will extend the capacity and reduce operation and maintenance costs by replacing the existing diesel buses that are over 15 years old and EURO 2 in terms of emission standards.
The CNG buses generate significantly fewer emissions (both GHG and other pollutants) than buses with traditional diesel engines. The new diesel buses are subject to EURO 6 emissions standards in line with EU regulations and have the highest potential to eliminate the majority of exhaust pollutants that have an impact on air quality. The project also increases the capacity of public transport services and will benefit 5 million people. |
