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    Reference: 20240040
    Release date: 28 October 2024

    Promoter – Financial Intermediary

    EMPRESA MUNICIPAL DE TRANSPORTES DE VALENCIA SA

    Location

    Description

    The project will finance the purchase of 145 electric buses and related infrastructure, such as charging stations, firefighting installations, power supply, IT systems and new additional parking spaces in the existing depots.

    Objectives

    By supporting the electrification of the bus fleet, the aim is not only to improve the reliability and availability of public transport but also to potentially reduce the use of private cars and associated externalities (noise, pollution and CO2 emissions). As such, the project will generate positive socio-economic and environmental benefits.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 69 million

    Total cost (Approximate amount)

    EUR 138 million

    Environmental aspects

    The manufacturing of electric buses, software, and IT systems for e-buses operations as well as charging infrastructure do not fall within the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EC (amended by Directive 2014/52/EU). Therefore, no EIA will be required for these components. Similarly, no EIA is required for the interventions in the existing depots or in the bus stops, as they are mainly refurbishing works or minor works to install the charging points for the electric buses or create new parking spaces for the buses. The new buses will allow the replacement of existing buses reaching the end of service life. No negative impact is expected from this component. The interventions concerning charging infrastructure are expected to be limited and inside the footprint of the existing infrastructures, thus with minor and temporary environmental impacts.

    Procurement

    As a public entity, the Promoter (EMPRESA MUNICIPAL DE TRANSPORTES DE VALENCIA - EMT Valencia) must comply with public procurement procedures under the Spanish law transposing the EU directives. The EIB will therefore require EMT Valencia to ensure that contracts for the project implementation have been and will be tendered in accordance with EU procurement legislation, 2014/25/EU or 2014/24/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

    Under appraisal

    Disclaimer

    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

    Spain Transport