CLS: City of Belgrade will not buy 300 new buses, leasing companies refused to participate in financing

Belgrade without 300 new buses     The business of procuring 300 new buses that would strengthen the city transport of Belgrade suddenly ran into a serious problem, since all the leasing companies refused to finance this purchase worth around 100 million euros.   As with all financing, the reason for the rejection lies in the fact that JP GSP Belgrade has a very bad credit rating due to accumulated debts and problems, while the City of Belgrade …

The City of Belgrade will not buy 300 new buses, as was announced, the Center for Local Self-Government (CLS) announced today.