“MCV” invests in electric bus line, boosting production by 34%
Investor
MCV – Manufacturing Commercial Vehicles Co.
Location
El-Obour City, Egypt
Investment
High-efficiency electric buses production line
Investment Size
US$4,542,722
Financial results
Payback period 2.12 years
Energy savings
8,247 MWh/year (primary)
CO2 savings
1,437 tCO₂eq/year
Impact
Climate change mitigation
Donor
EBRD, EU, EIB and AFD
New electric bus production line strengthens global market presence and reduces CO₂ emissions by 1,437 tonnes annually.
MCV is the leading bus manufacturer in the Middle East and Africa, founded in 1995, producing coaches, city buses, transport buses, minibuses, and special application buses. Operating from its facility in El-Obour City, MCV serves markets across Europe, Asia, Australia, Africa, and Latin America, with products tailored to each market’s standards and requirements.
To meet growing demand for sustainable mobility and align with international efficiency standards, MCV invested in a new high-performance electric buses production line. The project supports the company’s strategic partnership with Volvo Bus Corporation to manufacture electric buses for European markets.
The investment includes the installation of advanced equipment such as a 5-axis satellite machine, tube laser cutting system, and sheet metal punching machine, enabling both increased production capacity and reduced energy consumption per unit.
MCV secured a US$eq 3.8 million loan under the GEFF II Egypt programme, covering 44% of the total investment cost. The upgrade increases annual production capacity from 1,780 to 2,380 buses—a 34% increase—while cutting the specific energy consumption per bus by over 21%.
The improvement is expected to reduce annual primary energy consumption by 8,247 MWh/year and mitigate 1,437 tonnes of CO₂ emission. MCV also qualified for a US$eq 382,514 investment incentive due to the high energy savings ratio.
The investment reduces operational costs, enhances production efficiency, and strengthens MCV’s competitive position in the global electric bus market. The project also contributes to local employment, supporting 150 permanent jobs and 50 temporary jobs during implementation.
The GEFF team assessed the project’s technical and financial viability and confirmed that the new production line meets Best Available Technology (BAT) standards. This support enabled MCV to adopt cutting-edge manufacturing solutions that combine environmental benefits with business growth.
The Green Economy Financing Facility (GEFF), was developed by the European Bank for Reconstruction and Development (EBRD) and is financially supported by the EU, EIB and AFD.