Limun.hr - EBRD Lends 20.4 Mln Euro to Romania's Arad City for New Trams

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EBRD Lends 20.4 Mln Euro to Romania's Arad City for New Trams

8.6.2012 12:12:00 | Author/Source www.seenews.com

The European Bank for Reconstruction and Development (EBRD) said on Friday it is lending 20.4 million euro ($25.4 million) to the western Romanian city of Arad to finance the acquisition of new energy-efficient trams.

"In addition, the project includes the introduction of an e-ticketing system for public transport in Arad, with the support of grant financing from the EBRD’s Shareholder Special Fund," the EBRD said in a statement.

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