Ellex has advised the EBRD on its EUR 38.23 million secured loan to Vilnius city municipality-owned public transport company Vilniaus Viesasis Transportas for the renewal of Vilnius public transport.
"The proceeds of the financing will be used to finance the renewal of the trolleybuses fleet of the city, notably the purchase of battery/electricity-powered trolleybuses to replace the aging fleet of 159 trolleybuses currently in use," Ellex informed. "It will be one of the most extensive renewals in Vilnius Municipality%u2019s history. By improving the quality and reliability of trolleybuses, the project is expected to enhance the attractiveness, increase the ridership of Vilnius' public transport, and encourage a modal shift towards low-emission, electric transport modes. The project is expected to result in reduced emissions and enhanced energy efficiency."
"The fleet renewal project is part of a broader city program to achieve sustainable mobility in Vilnius, which aims to make public transport the backbone of Vilnius by ensuring quick and safe transport within the city and increasing connectivity between the city and peripheral areas through public transport service," the firm added.
The Ellex team was led by Partner Giedrius Stasevicius and Associate Partner Egle Neverbickiene.