ELDRIVE - CHARGING STATION NETWORK (IEU GT)

Promoter – Financial Intermediary

EMOBILITY INTERNATIONAL AD

Location

• Bulgaria
• Latvia
• Lithuania
• Romania

Description

The project concerns will finance the deployment of 10,574 electric vehicle charging (EVC) stations in Bulgaria, Romania, Lithuania and Latvia.

Objectives

The aim is to speed up the electrification of road transport in Europe, by providing EVC infrastructure and making EV stations widely and easily available, thus contribute to fight climate change and air pollution. The project also supports a wide range of EU policies and contributes to achieve EU decarbonisation objectives. Specifically, it contributes to the EU Green Deal objective to reach one million public EV chargers and alternative fuel refuelling stations in the EU by 2025. It also supports the Sustainable and Smart Mobility Strategy target of one million EV public recharging points in the EU by 2025 and 3 million by 2030.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 40 million

Total cost (Approximate amount)

EUR 174 million

Environmental aspects

The connections between the EV charging stations and the medium and low voltage power grid may fall under Annex II of the environmental impact assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU on the assessment of the effects of certain public and private projects on environment (EIA Directive). In such cases, the EIB will require to be informed by the Competent Authority of the screening decision issued.

Procurement

The borrower has been assessed by the EIB as being a private company and hence not being subject to EU rules on public procurement or concessions.

Status

Approved - 15/06/2023