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Summary sheet

Release date
22 July 2025
Status
Reference
Under appraisal | 28/10/2024
20240604
Project name
Promoter - financial intermediary
VILNIUS ELECTRIC TRANSPORT INFRASTRUCTURE
UAB VILNIAUS VIESASIS TRANSPORTAS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 55 million
EUR 113 million
Location
Sector(s)
Description
Objectives

The project focuses on replacing the existing old diesel and LPG bus fleet of the main Public Transport Operator of Vilnius (UAB VILNIAUS VIESASIS TRANSPORTAS "VVT") by a zero emission bus fleet mainly composed of 12-meter and articulated 18-meter long electric and hydrogen buses, together with some smaller electric buses (8-meter and 10-meter long minibuses and midibuses), up to a total of 161 units. The project scope also includes 145 charging points for the electric buses powered by electricity. Some minor repair works in the roofs and floors of the existing depots are also financed under this operation. Finally, 9 electric service light vehicles (cars and vans) are included in the scope under this project.

The project supports investments in sustainable urban public transport. The project aim is to replace old diesel and CNG buses with new electric and H2 buses. The project is aligned with the Paris Agreement. This project will reduce travel times for public transport users as it provides an efficient, accessible and green transport solution for the city of Vilnius.

Environmental aspects
Procurement

The Promoter confirmed that none of the project's components will require an environmental impact assessment (EIA), and there is no social negative impact related to the investments. The project is expected to reduce air pollution and greenhouse gas emissions (transport externalities). The project will contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and pollution prevention.

The Bank will require the Promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required. To date, it is not yet known to the EIB who the supplier for the e-buses and/or the charging infrastructure will be.

Milestone
Under appraisal
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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