We advised Nordic Investment Bank (NIB) on signing a EUR 17.5 million financing agreement with Kauno autobusai. The 15-year loan finances modernisation of the Kaunas public transport system and will be used to purchase 85 new low-floor electric trolleybuses to replace the majority of the current old electric vehicles in Kaunas.
Says Henrik Norman, President and CEO of NIB: “The investment will not only reduce the cost of maintenance for the company and improve the services it provides, it will also serve the passengers of Kaunas public transport, whose travel will become more comfortable.”
Kauno Autobusai is a municipally owned public transport provider in Kaunas. The company operates a fleet of 154 trolleybuses and 270 buses, carrying approximately 80 million passengers annually.
Our services and project team
Our team, consisting of partner Augustas Klezys and senior associate Jurgita Nikita, advised the client on all transaction-related legal matters in Lithuania.