EBRD Lends $88 Million to Serbian Capital for New Public Buses

The European Bank for Reconstruction and Development will provide as much as 65 million euros ($88 million) to help Belgrade’s municipal transport company buy 400 buses.

The eight-year loan, with a two-year grace period, will finance the purchase of 200 low-floor diesel buses and a further 200 will be bought from local manufacturers to meet growing demand in the city of 2 million, the London-based lender said in an e-mailed statement today.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.