European Bank for Reconstruction and Development (EBRD)

Since its creation, the European Bank for Reconstruction and Development (EBRD) has long provided financing for transport projects in form of debt and equity services to clients across every transport mode (roads, railways, maritime, aviation, logistics and postal services). Priority is put on connected networks, private sector participation, environmentally and socially responsive transport as well as low carbon and innovative solutions.

More information on general EBRD transport financing can be found in the following three sources:

The EBRD also facilitates investments in low carbon transport via its urban sustainability flagship programme, the EBRD Green Cities Programme.

EBRD Green Cities Programme

The EBRD Green Cities Programme was developed in 2016 and builds on the bank’s experience of investing in municipal and environmental infrastructure. It applies the EBRD’s business model of combining bankable investments with technical cooperation and policy dialogue. The overall aim is to build a better and more sustainable future for cities and their residents.

The Green Cities Programme consists of three central components:

  1. Development of a Green City Action Plan (GCAP): 
    • Identification and prioritisation of challenges using 35 core indicators that cover a wide range of urban issues and evaluate the city’s environmental assets, its overall resource efficiency and climate change risks
    • Planning actions:
      • Establishment of a city’s long-term vision (10-15 years) for green city development (e.g. to incentivise passengers to use more active and public modes of transport)
      • Identification of related specific, short-term actions (1-5 years) (e.g. investing in electric buses to increase use of public transport)
  2. Implementation of the GCAP: The EBRD can support the city in the implementation of infrastructure investments and policy measures as outlined in the GCAP by providing access to finance, as well as concessional loans and grants.
  3. Monitoring the GCAP: Periodical review of Green City actions and their impacts on environment in order to inform the public about accomplishments and to further adjust the action plan including policy and investment decisions
Financing instruments

Concessional loans and grants, e.g. sovereign loans, capital-expenditure grants

Eligibility criteria for cities
  1. Be a city in the EBRD regions (Central Asia, Central Europe and Baltic States, Cyprus and Greece, Eastern Europe and the Caucasus, Russia, South-Eastern Europe, Southern and Eastern Mediterranean, Turkey, other regions)
  2. Have a population of at least 100,000 (cities with a population of 50,000 will be considered in exceptional circumstances)
  3. Be willing to conduct a Green City Action Plan
  4. Initiate an investment trigger project in one of the priority areas, e.g. urban transport

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Example projects

Case Studies EBRD Green Cities

More information on the EBRD Green Cities Programme here:

Photo by Alexander Serzhantov on Unsplash

Published by:
Ronja Kwasniok