Swedish transport company receives $144.7M green bus structured financing loan

In Sweden, Transdev has announced its first $144.7 million green bus structured financing transaction, aimed at providing the Swedish city of Gothenburg with low-carbon public transportation, arranged with Mitsubishi UFJ Financial Group (MUFG) and Societe Generale, supported by the European Investment Bank (EIB). This achievement is a significant milestone and commitment by Transdev on its journey to reducing carbon emissions across its fleets and it represents one of the first green bus structured finance transactions in Europe. The SEK 1.2bn financing operation facilitates the acquisition of 297 electric and biofuel buses being leased to Transdev for its use on five concessions in Gothenburg, starting from December 2020.