Efficiency and Environment Partnership E5P Fund, of which the European Union is the largest contributor, have arrived in Batumi, Georgia’s second-largest city. The new electric buses will improve the service for the city’s residents and visitors by increasing the reliability, safety and efficiency of public transport, while benefiting the environment by reducing emissions. The low-floor buses will facilitate easier access for passengers including those with limited movement, the elderly and disabled, as well as for parents with pushchairs.
The buses are purchased as part of a combined EUR 5.5 million sovereign loan from the EBRD to Georgia to be on-lent to the City of Batumi for the benefit of the Batumi Autotransport LLC, a municipal bus company, and an E5P grant of over GEL 4 million to upgrade the existing bus fleet to ensure improved environmental and operational performance.
The project is part of the EBRD’s Green Cities, which is a programme supporting municipal green investments, available across all of the economies where the EBRD invests. As part of the project, the EBRD provided €0.8 million in technical cooperation funds to assist the development of a Green City Action Plan for Batumi, the corporate development and stakeholder participation programmes. The Green City Action Plan was developed with the assistance of international consultants and approved by the Batumi City Council on 16 October 2020.
The EBRD is a leading institutional investor in Georgia. Since the start of its operations in the country, the Bank has invested over €4.11 billion in 258 projects in the financial, corporate, infrastructure and energy sectors, with 80 per cent of these investments in the private sector.