Sofia invests 367 million euros in new trams, trolleybuses, and buses

The Sofia Municipality is set to embark on a significant modernization of its public transport network, with plans to invest 367 million euros. This substantial funding aims to upgrade the city's fleet and infrastructure, promising a more efficient and modern transit experience for residents.

The investment will cover the acquisition of new trams, trolleybuses, and buses, which are expected to replace older vehicles and expand service capacity. The initiative is a key part of the city's strategy to improve urban mobility and encourage greater use of public transportation.

Financing for this ambitious project will be secured through a new long-term debt. The municipality is exploring options such as issuing municipal bonds or obtaining a bank loan to raise the necessary capital. The announcement was made by the Deputy Mayor for Finance, Georgi Klisurski, highlighting the financial commitment required for this large-scale upgrade.

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The Sofia Municipality will invest 367 million euros for the modernization of urban transport.