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    Reference: 20200095
    Release date: 15 April 2020

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S),PUBLIC ENTITY(IES)

    Location

    Description

    The project consists of a Programme Loan to support both public and private promoters responsible for roll out of electric vehicles charging infrastructure (EVCs) in Italy. The Programme Loan will also include the deployment of road electric vehicle fleet that are under public service contracts with the exception of Public Transport. The operation will contribute to accelerate the electrification of the road transport sector and make it cleaner.

    Objectives

    The project will contribute to accelerate the electrification of road transport, contributing to EU goals outlined in the 2011 Transport White Paper (EC, 2011) and the Strategy for Low-Emission Mobility (EC, 2016). Finally, part of the investment is expected to take place in cohesion regions. The project will contribute to Sustainable Transport, Climate Action and the Bank's Transport lending policy.

    Comments

    n/a

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 400 million

    Environmental aspects

    The sub-projects will involve short connections to the distribution grid and the respective charging stations. The environmental impact during construction and operation of the sub-projects will be further assessed at the time of their allocation under the programme loan. EV infrastructure in itself is not subject to environmental impact assessment processes under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive. However, the construction of green field parking locations where the EV infrastructure is installed and/or the connections to the grid may be screened in under Annex II. The Bank will require in those cases to be informed of the screening decisions and the procedures followed by the Promoters to ensure compliance with the requirements of the EIA Directive. This will be assessed at sub-project allocation under the programme loan. In addition, the Programme Loan project will contribute to the reduction of CO2 emissions as the electricity used through the EV infrastructure will power electric vehicles. The emission savings result from the replacement of conventional cars operating on fossil fuels with electric cars powered by less carbon intensive electricity.

    Procurement

    Promoters may be private and public companies (including companies in the utility sector). Thus the Promoters may be subject to EU rules on public procurement or concessions. If the EIB concludes that the Promoters are subject to EU public procurement legislation then the Bank will require the Promoters to ensure that contracts for the implementation of the sub-projects will be tendered in accordance with the relevant applicable EU procurement legislation Directives 2014/23/EU, 2014/24/EU or 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Approved - 15/05/2020

    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

    Italy Transport