Tajikistan has ratified an agreement with the European Bank for Reconstruction and Development (EBRD) for the purchase of new buses for Khujand, the second largest city in Tajikistan
Members of Tajikistan’s lower chamber (Majlisi Namoyandagon) of parliament today voted for ratification of the agreement between Tajikistan and the EBRD on the purchase of new buses for Khujand, the capital of the northern province of Sughd.
Finance Minister Faiziddin Qahhorzoda says a total amount of the agreement signed in February this year is 26 million U.S. dollars.
The EBRD will provide a loan of US$ 17.5 million in two tranches to the municipal company in charge of all modes of public transport, State Communal Enterprise (SCE) Khujand Public Transport, under a sovereign guarantee. An investment grant totaling US$ 8.5 million for the same project will be provided by the EBRD Shareholder Special Fund and an international donor.
The financing will enable the city to purchase up to 100 low-floor buses, finance the modernization of the depot and the supply of maintenance equipment, and implement a new ticketing system.
