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    Signature(s)

    Amount
    € 650,000,000
    Countries
    Sector(s)
    Spain : € 650,000,000
    Credit lines : € 650,000,000
    Signature date(s)
    15/01/2016 : € 50,000,000
    7/12/2016 : € 50,000,000
    11/05/2016 : € 100,000,000
    10/05/2016 : € 150,000,000
    29/04/2016 : € 150,000,000
    3/03/2016 : € 150,000,000

    Summary sheet

    Release date
    28 September 2015
    Status
    Reference
    Signed | 15/01/2016
    20150602
    Project name
    Promoter - financial intermediary
    SME & MIDCAP PIMA FLEET RENEWAL II
    ACCEPTABLE BANKS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Dedicated EIB loan to finance investments by small and medium-sized enterprises (SMEs) and mid-caps in fleet renewal, in collaboration with incentive programmes from Spain's Ministry of Agriculture, Food and Environment and Ministry of Public Works and Transport.

    The project concerns financing the renewal of road transport fleets in the private sector in Spain, including freight and passenger transport, as well as agricultural machinery, exclusively for SMEs and mid-caps.
    The loan will be dedicated to financing the renewal of fleets with new models equipped with more modern technology, which are expected to lead to improved safety and working conditions, as well as to increased energy efficiency and protection of the environment.
    The EIB financing will contribute towards public programmes promoted by the Spanish government supporting the renewal of transport fleets (Planes de Impulso al Medio Ambiente – PIMA), including PIMA Aire and PIMA Transporte.

    Environmental aspects
    Procurement

    The Bank will require that projects financed under this operation comply with national and applicable EU legislation, as appropriate.

    The Bank will require that projects financed under this operation comply with national and applicable EU legislation, as appropriate.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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