BAKU, Azerbaijan, November 19. The Khatlon E-Buses project in Tajikistan, previously known as Bokhtar E-Buses, may be reviewed by the European Bank for Reconstruction and Development (EBRD) Board of Directors in mid-December, a source from the bank told Trend.
The project entails a sovereign loan of up to $7.4 million, complemented by a $4.1 million investment grant from the EBRD Shareholder Special Fund (SSF), aimed at financing the procurement of up to 50 electric buses and the necessary infrastructure for the public transport operator in Bokhtar.
In addition, the EBRD provided updates on several other ongoing initiatives in Tajikistan. The Yavan Water project is currently awaiting the signing of the project support agreement, with developments anticipated by the end of the year. This initiative includes a sovereign loan of up to $2.7 million, matched by an equal grant from the SSF, intended to modernize water supply infrastructure in Yavan city. Furthermore, the bank has initiated the procurement process for consultants who will oversee project implementation and supervision.
The Dushanbe District Heating project, which was initially launched in 2021, saw financing agreements signed in October 2025, with implementation contingent upon government ratification. The project is funded through a $5 million sovereign-guaranteed loan and a $5 million grant from the EBRD Shareholder Special Fund (SSF). Its primary objective is to rehabilitate the city's district heating infrastructure, which includes the procurement of operational equipment, the installation of smart meters, the refurbishment of pumping stations, and the expansion of the heating network.
As of September 30, 2025, the European Bank for Reconstruction and Development (EBRD) reported an active investment portfolio in Tajikistan totaling $575.4 million. A significant portion of this portfolio, 88 percent, or $505.6 million, has been directed toward sustainable infrastructure projects. The corporate sector accounts for €16 million (3 percent), while financial institutions represent $49.9 million (9 percent) of the total portfolio. Currently, the EBRD oversees 77 active projects, with operating assets valued at $398.7 million. Since beginning operations in Tajikistan, the EBRD has invested over $1.1 billion across 185 projects, with total disbursements and issued guarantees amounting to $989.2 million.