Cluj Public Transport Company (CTP), Romania, will receive a EBRD loan to procure rolling stock aiming at upgrading the company fleet of buses and trams.
The project, which has a total estimated cost of EUR 20 million equivalent, will require the procurement of 7 standard trams (over 27 m) and 50 standard EURO VI Diesel buses.
Tendering for these contracts is expected to begin in the second quarter of 2016.
Last month, the Cluj Napoca Local Council approved the company’s project on the acquisition of the 7 trams with financing from the European Bank for Reconstruction and Development. The city’s municipality will be the guarantee of the EUR 20 million loan and, under the pre-financing agreement, CTP will contribute by up to EUR 4.8 million.
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