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    Summary sheet

    Release date
    27 June 2019
    Status
    Reference
    Under appraisal | 29/06/2018
    20180456
    Project name
    Promoter - financial intermediary
    FLEET RENEWAL PROGRAMME FOR SMES & MIDCAPS SPAIN
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project consists in a programme loan of Multi-Beneficiary Intermediated Loans (MBILs) to finance investments in fleet acquisition and renewal, including commercial fleet for land transport and agricultural machinery, in collaboration with Spain's Ministry of Public Works.

    This project will improve competitiveness and access to finance at favourable conditions for small and medium-sized enterprises and mid-caps.

    Environmental aspects
    Procurement

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

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

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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