Bond advises EBS on the financing of electric buses and charging infrastructure in relation to the Zaanstreek-Waterland Concessie 2024-2038
On 23 June 2023 EBS won the Zaanstreek-Waterland Concessie 2024-2038. EBS (Egged Bus Systems) is a Dutch regionally operating public transportation company, which was founded in 2010 as a subdivision of the Israeli Egged Group. In addition to the new concession, EBS provides public bus transportation services in three other concessions: region IJssel-Vecht, region Voorne-Putten & Rozenburg and region Haaglanden Streek.
The new concession was provided by the transport authority ‘Vervoerregio Amsterdam’ (VRA), which is a partnership between the Municipality of Amsterdam and several other municipalities. VRA has also provided the financing necessary for the purchase of 193 electric busses and charging infrastructure and the construction of bus depots. Bond has advised EBS on the transaction documents and all other legal aspects of the financing.
Other advisors involved were Van Doorne (counsel to VRA) and Caspi & Co. (counsel to Egged Group).
For more information about the new concession, the acquisition of the busses and the financing, please see:
https://www.ebs-ov.nl/nieuws/persberichten/persbericht/ebs-blijft-busvervoerder-in-waterland-en-breidt-uit-naar-zaanstreek-2 (only in Dutch); and
https://www.ebs-ov.nl/waterland/actueel/nieuws/artikel/megaorder-nieuwe-e-bussen-voor-ebs-in-zaanstreek-waterland (only in Dutch); and
https://fd.nl/bedrijfsleven/1476723/vervoerbedrijf-krijgt-lening-voor-megaorder-van-vdl-bussen-p3e3ca4Q64xE (only in Dutch)
