We advised the Council of Europe Development Bank (CEB), the oldest European multilateral development bank with an exclusively social mandate, on providing funding to Kauno autobusai to purchase 100 new solo hybrid buses.
High social and ecological impact of the project
The project is expected to have a significant social impact by making public transport fast, modern, comfortable, simple and easy to understand. This will help to improve everyday life for the city’s inhabitants and improve their access to safe and high-quality public transport.
The 100 hybrid buses will change the face of the city and protect the environment. Their modern engines with integrated hybrid systems will not only reduce fuel costs, but also ensure relatively low CO2 emissions. Kaunas will be the first city in Europe to run such a large number of advanced hybrid buses.
Our services and project team
Our team, consisting of partner Augustas Klezys and associate Goda Drąsutė, advised the CEB throughout the transaction, from planning and structuring to signing and closing.