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    Reference: 20150602
    Release date: 28 September 2015

    Promoter – Financial Intermediary

    ACCEPTABLE BANKS

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

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

    Procurement

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

    Status

    Signed - 15/01/2016

    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).

    Related tags

    Spain Credit lines