The European Investment Bank is considering a loan of EUR 40 million for “Sofia transport fleet renewal project”.
The project, estimated at EUR 80 million, comprises the purchase of new rolling stock – buses and tramcars – which will be brought into operation. In addition, the project provides for the development of Sofia Municipality’s traffic management system. The project is to be co-financed by EU funds under the Operational Programme Environment and by the promoter’s own resources.
The project aims to improve the quality of public transport services in terms of speed, comfort and reliability and would increase the attractiveness of public transport in the urban area of Sofia. It would thus contribute to reducing reliance on private cars as well as the negative impact of transport on the environment. The new buses and trams will use technologically advanced engines that would enable an increase in energy efficiency and a reduction in noise and vibration.