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    Reference: 20170489
    Release date: 3 December 2018

    Promoter – Financial Intermediary

    ALD SA

    Location

    Description

    The project is part of a second wave of operations included in the Cleaner Transport Facility (CTF), a joint initiative by the European Commission and the Bank launched in December 2016. The project concerns the deployment of 15 000 electric and hybrid vehicles across EU countries including France, Germany, Italy, Spain, Belgium and the Netherlands.

    Objectives

    The main goal of the project is to accelerate the transition towards low emission vehicles. The project will generate substantial environmental economic benefits in terms of reduced air pollution, greenhouse gas emissions and noise. The project will also contribute to support the development of the cleaner automotive industry through the accelerated deployment of cleaner vehicles and, indirectly, their associated infrastructure. The Promoter has significant experience in the sector and is subject to national regulation of its current activities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 530 million

    Environmental aspects

    The new vehicles are expected to be much cleaner than market average. Significant benefits in terms of fuel consumption, reduced polluting and carbon emissions are expected and will be further assessed during appraisal.

    Procurement

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/25/EU or 2004/17/EC, where applicable, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation 2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 27/09/2019

    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

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