Release date: 22 May 2018
Promoter – Financial Intermediary
The project consists of the financing of the renewal and improvement of urban public transport fleets and its related infrastructure. Most investments financed under the programme will be into bus fleets (and related infrastructure) to improve the quality of services and to have cleaner fleets. The programme falls under the Cleaner Transport Facility.
This project will contribute to sustainable transport and climate action objectives.
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 400 million
The manufacturing of rolling stock does not fall within the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EC; therefore no EIA will be required for this component. In the case that an infrastructure component were to become part of the scope, then the compliance with the requirements of the EU EIA Directive 2011/92/EC would be required. The project is expected to have a positive environmental impact by helping the public transport to increase and/or maintain modal share. Furthermore the project should contribute to reducing the Greenhouse Gas (GHG) emissions and noise.
The Bank will require the promoter to ensure that contracts for the implementation of the programme have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU and/or 2014/25/EU as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of European Union, as and where required.
Approved - 17/07/2018
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).