EBRD Names Timing For Supply Of New 'Green' Buses To Kyrgyzstan
Date
3/1/2023 12:23:19 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 1. The European Bank
for Reconstruction and Development (EBRD) expects first new
compressed natural gas buses to be delivered to Kyrgyzstan's
Bishkek by the end of 2023, Zsuzsanna Hargitai, EBRD Managing
Director for Central Asia, told trend .
According to the managing director, the EBRD launched the Green
Cities Action Plan in the capital of Kyrgyzstan to address
municipal environmental challenges in the city.
'The bank also unveiled a $50 million package under the Kyrgyz
Republic Green Economy Financing Facility III. The new facility
aims to introduce inclusive financial products to support climate
resilience and adaptation, reduce pollution and promote the
sustainable use of water,' she added.
As Hargitai pointed out, the bank continued supporting critical
infrastructure in the country by providing a $14.1 million loan to
upgrade the irrigation system in the Osh region.
Also, an 11 million euros financing package provided by the EBRD
to the Kyrgyz Railways will enable the national rail operator
restore critical railway infrastructure, such as the avalanche
protection gallery in the Boom Gorge river in the Issyk-Kul
region.
The loan portfolio of the current EBRD projects in Kyrgyzstan
was estimated at 169 million euros as of December 31, 2022. The
portfolio is designed for the implementation of 74 projects. In
total, the bank has invested over 881 million euros in 219 projects
in Kyrgyzstan.
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