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    Reference: 20220550
    Release date: 16 June 2023

    Promoter – Financial Intermediary




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


    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.


    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.


    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.


    Approved - 15/06/2023

    15 June 2023


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Bulgaria Latvia Lithuania Romania Transport