Amman Electric Bus Project Provision of up to EUR 2.8 million (to be available in JOD) unsecured  sub-sovereign loan to GAM to finance the purchase of up to 15 new battery  electric buses ("BEB"), as a pilot rollout for the first electric bus transport  in the city. The Project is a follow-on investment of Amman's Green City Action  Plan, and is part of a larger fleet expansion project that involves purchasing  a total of 151 buses, including 136 diesel Euro V buses in addition to the  remaining 15 BEB buses considered herein. The Project aims to improve public  transport in the city of Amman, while serving as a crucial first step towards  transitioning into low-carbon transport infrastructure. The Project total cost  is estimated at EUR 9.6 million, and it is expected to be co-financed by a  concessional loan from the Green Climate Fund ("GCF") of up to EUR 2.8 million  and an investment grant from the UK government under EBRD's High Impact  Partnership for Climate Action multi-donor fund ("HIPCA UK") of up to EUR 4  million.  GAM is seeking to improve its urban transport services and renew its bus fleet  through the purchase of up to 151 new buses with related bus depot facilities  and ancillary systems. The proposed new bus fleet will serve new routes under  the bus network plan developed by GAM. It is intended that the bus fleet will  be purchased by GAM and leased to a private sector operator, which will be  responsible for the depot facilities and warranty and maintenance obligations  for the fleet. The bus operator will be paid through a Public Service Contract  ("PSC") with Amman Vision for Transport (the municipal company responsible for  transport operations) under a gross-cost arrangement. This purchase of 151 new  buses will include 15 e-buses as a pilot project to debut zero-emission public  transport vehicles in Amman, in an effort to transition into a low-carbon  public transportation system (the "Project"). The Project is expected to have a  strong demonstration effect, being the first of its kind in the country, as  well as the SEMED region, financed by EBRD. The Project is a follow-on  investment from Amman's Green City Action Plan ("GCAP"), developed as part of  the City's participation in EBRD Green Cities. The electric bus fleet aligns  with actions identified in the GCAP and supports the City to address the GCAP  priorities of reducing GHG emissions and air pollution. The Project is also  eligible for dedicated concessional funds for Green Cities projects from the  Green Climate Fund ("GCF") by promoting electric mobility. The Project will  benefit from a concessional loan which will match EBRD funding of up to EUR 2.8  million and will benefit from an investment grant form the HIPCA UK of up to  EUR 4 million.  The planned purchase of the new buses is expected to improve the reliability  and quality of public transport services for users, as well as significantly  reduce GHG and air pollutant emissions from transport through the use of  alternative fuels and improved fuel efficiency, in compliance with objectives  and commitments of the city. The investment in the new buses will result in a  significant reduction in emissions (clean air and GHG related) from the urban  bus sector.