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Friday, 26.04.2024, 00:06
NIB signs agreement on EUR 60 mln loan to Rigas Satiksme
The agreement also provides for construction of a refuelling station and
investments in low-floor tram infrastructure in Riga.
Rigas Satiksme is set to acquire 20 new low-floor trams and ten buses with hydrogen fuel
cells, and to invest in related infrastructure.
The delivery of trams manufactured by Skoda Transportation is scheduled for
2017. The planned infrastructure upgrade is aimed at adapting certain lines of
the city’s tram network to low-floor trams, including rail crossings, platforms
at stops, feeding cables and overhead wires. Rigas Satiksme is also investing in a hydrogen fuelling station for
the hydrogen-fuelled vehicles.
“The project financed by NIB is a pilot aimed at introducing a new type of
bus and expanding the low-floor tram network in Riga. We hope this development
will increase the comfort level of the city’s public transportation and help
reduce the negative environmental impact of fossil-fuelled road transport in a
longer run," said Henrik Normann,
NIB President.
The principle environmental benefit of introducing new trams and
hydrogen-fuelled vehicles is the reduced emissions of nitrous oxides (NOx) and
fine particulate matter (PM10). However, the technology chosen for the
production of hydrogen is not considered sustainable and will result in
approximately the same greenhouse gas emissions as for diesel.
Rigas Satiksme is fully owned by the city of Riga. The company provides public transport
services and parking services in Riga. At year-end 2016, the company operated
460 buses, 200 trams and 270 trolleybuses, and it employed 4,100 people. The
company carries nearly 150 million passengers a year.
NIB is an international financial institution owned by eight member
countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and
Sweden. The Bank finances private and public projects in and outside the member
countries.