The EBRD is considering providing a senior loan of up to EUR 20 million to Compania de Transport Public Cluj-Napoca S.A. (the “company”), a joint-stock company wholly-owned by the Municipality of Cluj-Napoca (the “city”) and provider of public transport services in the City. The loan will finance part of the company’s rolling stock renewal through the purchase of up to 50 new EURO-6 buses and 7 trams, in line with applicable EU requirements (the “project”).
The project is proposed under Romania: Sustainable Mobility and Access to Road Transport (“SMART”) Framework which was approved by the EBRD Board of Directors on 25 November 2015.
The project aims to improve the daily mobility of citizens and reduce pollution caused by traffic congestion, in line with the city’s Sustainable Urban Mobility Plan (“SUMP”), focusing on the modernisation of its public transport system.
Transition Impact is expected to derive from the following:
- Supporting commercialisation and corporate development with support from a twinning partner.
- Enhancing the public transport regulation in the metropolitan area
- Setting a benchmarking programme for transport operators across the country.