3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||27 Mar 2007|
|Customer:||Tallinna Trammi ja Trollikoondis AS|
|Amount in EUR:||EUR 18 million|
|NACE sector / loan type:||Land transport|
|Business area:||Infrastructure, transportation and telecom|
The 14-year-maturity loan totalling EUR 18 million has been granted to Tallinna Trammi ja Trollikoondis AS, the Tallinn municipal tram and trolleybus line operator, for financing the renewal of the public transport service rolling stock, including the acquisition of 23 new trolleybuses and 10 new tram cars. Thanks to this project, the average age of trams will be reduced from more than 20 years to 18 years and trolleybuses from more than 14 years to 12 years by 2010. The company is fully owned by the City of Tallinn and operates eight trolleybus lines and four tramlines in the city.
The replacement of outdated trolleybuses with a modern fleet will decrease emissions to air. The new trolleybuses to be purchased are substantially more environmentally friendly because of the recuperative system. The electric power consumption rate of the new trolleybuses is 1.11 kWh per kilometre on average, whereas the older models consume 1.64 kWh. The proposed investments will lead to a substantial reduction of CO2 emissions. A 25% share of the project qualifies as an environmental investment.