EBRD and NIB Provide €80 Million for Greener Public Transport in Vilnius

We are proud to have acted on the side of the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB) in their €80 million co-financing to support the expansion of green public transport in Vilnius, Lithuania. Each institution provided €40 million in loans to Vilniaus Viešasis Transportas (VVT), the city’s public transport company.

This financing will enable VVT to acquire up to 73 electric trolleybuses and 85 battery electric buses, significantly expanding Vilnius’ zero-emission fleet, improving public transport accessibility, and reducing greenhouse gas emissions by an estimated 6,000 tonnes of CO2e annually. The new fleet, featuring lower noise levels, climate control, and low floors, will enhance comfort and accessibility for all passengers, including those with mobility restrictions.

The transaction is a vital milestone in Vilnius’ journey toward full fleet electrification by 2030 and aligns with the city’s Green City Action Plan. It reflects the commitment of EBRD and NIB to advancing sustainable urban development and renewable energy adoption in the Baltic region.

This transaction marks another step in Vilnius’ journey toward full fleet electrification by 2030, contributing to its goal of achieving zero CO2 emissions from public transport. It also reflects the shared commitment of EBRD and NIB to supporting sustainable urban development and renewable energy adoption in the Baltic region.

The project was led by Ellex in Lithuania Associate Partner Eglė Neverbickienė, ensuring the successful execution of this significant financing.