RP SIA Rīgas Satiksme

Callidus Capital represented Riga Municipality company SIA Rīgas Satiksme in negotiations with the European Investment Bank (EIB) and the Nordic Investment Bank (NIB), which resulted in a successful financing of EUR 135 million by signing agreement for receiving funding from the EIB in total EUR 75 million and NIB 60 million euro

This is the first loan in Latvia for the development of the transport sector, supported by the European Strategic Investment Fund (ESIF) (Junker Plan).The funding is intended for investments in low-floor tram infrastructure and the purchase of 20 new low-floor trams, as well as the purchase of hydrogen powered vehicles and investments in the construction of hydrogen production and refueling station.

Press release:
Rīgas satiksme