Sofia Cleaner Bus Fleet Financing (2019)

Infraproject Consult provided financial experts to the Consortium between COWI Belgium and PPM Ltd in accordance with the contract between EIB and COWI Belgium for Technical Assistance for Stolichen Autotransport EAD and Sofia Municipality on options to finance its proposed bus fleet renewal programme amounting to EUR 182 million.

The objective of this TA Assignment was as follows:

  • to assess the financial viability and structure required for “Stolichen Autotransport” EAD to directly finance the proposed Sofia bus renewal project via the Public Service Contract, in addition to other financing options including leasing buses;
  • to support “Stolichen Autotransport” EAD and Sofia Municipality in a potential application for ELENA grant for providing longer term technical assistance in relation to the Sofia bus renewal project.