The European Bank for Reconstruction and Development (EBRD) says it is providing funds to develop sustainable transportation solutions in Nukus, the sixth-largest city in Uzbekistan and the capital of the autonomous republic of Karakalpakstan, in the latest project under the EBRD Green Cities programme.
The EBRD’s sovereign loan of up to US$ 37 million (€ 32.2 million) to Uzbekistan for the benefit of a municipal transport company of Nukus will cover the acquisition of up to 112 electric buses with charging units and the construction of associated depot infrastructure.
The project marks a key step in bringing electric mobility to Nukus by improving its public transport, easing congestion and reducing air pollution.
It also allows it to launch a Green City Action Plan designed to address the city’s environmental, climate, digital, and economic inclusion priorities.
The EBRD has invested around US$ 6.9 billion (€6 billion) in Uzbekistan across 210 projects, with most of the funds supporting private entrepreneurship. The country has been the leading recipient of EBRD funding in Central Asia for each of the past six years.
