EBRD will allocate funds for the purchase of 200 modern buses in Astana
A tripartite agreement between the Mayor’s Office of Astana, a subordinate company “Astana LRT” LLP, and European Bank for Reconstruction and Development was signed in London today to support the modernization of the transport network.
The funds are to be allocated within the framework of this agreement for the supply of 200 city buses of the new generation in 2016 – 2017. In accordance with the modernization conditions the vehicles to be purchased should be equipped with modern information systems, passenger count, video surveillance, air conditioning and heating. A specific provision of financing is related to available conditions for the disabled people.
It should be noted that signing of this agreement testifies to the investment attractiveness of Astana. According to EBRD experts, the city administration has set the right course for the modernization and development of the transport complex of the capital.
As Mayor of Astana, Mr. Adilbek Dzhaksybekov, said«this agreement will give additional momentum to cooperation between the city administration and EBRD> The Bank’s investments will contribute to the implementation of innovative solutions, the effect of which will change the residents and visitors’ lives for the better».
Earlier, the Department for Passenger Transport and Highways of Astana jointly with “Astana LRT” LLP developed a three-staged project called “City Bus” focused on the update of rolling stock in order to address the shortage of city buses. A supply agreement for 358 IVECO Citelis buses, which meet all world quality standards, was signed within the framework of the first stage.
European Bank for Reconstruction and Development (EBRD) is and international financial institution, the largest investor that does not allocate its funds only but attracts significant foreign direct investments. EBRD is distinguished for its transparency and honesty commitments in its financial operations. Principles of environmental protection are critical for the operation of the Bank.