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SME & MIDCAP PIMA FLEET RENEWAL II

Signature(s)

Amount
€ 650,000,000
Countries
Sector(s)
Spain : € 650,000,000
Credit lines : € 650,000,000
Signature date(s)
15/01/2016 : € 50,000,000
7/12/2016 : € 50,000,000
11/05/2016 : € 100,000,000
29/04/2016 : € 150,000,000
3/03/2016 : € 150,000,000
10/05/2016 : € 150,000,000
Link to source

Summary sheet

Release date
28 September 2015
Status
Reference
Signed | 15/01/2016
20150602
Project name
Promoter - financial intermediary
SME & MIDCAP PIMA FLEET RENEWAL II
ACCEPTABLE BANKS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
Not applicable.
Location
Sector(s)
Description
Objectives

Dedicated EIB loan to finance investments by small and medium-sized enterprises (SMEs) and mid-caps in fleet renewal, in collaboration with incentive programmes from Spain's Ministry of Agriculture, Food and Environment and Ministry of Public Works and Transport.

The project concerns financing the renewal of road transport fleets in the private sector in Spain, including freight and passenger transport, as well as agricultural machinery, exclusively for SMEs and mid-caps.
The loan will be dedicated to financing the renewal of fleets with new models equipped with more modern technology, which are expected to lead to improved safety and working conditions, as well as to increased energy efficiency and protection of the environment.
The EIB financing will contribute towards public programmes promoted by the Spanish government supporting the renewal of transport fleets (Planes de Impulso al Medio Ambiente – PIMA), including PIMA Aire and PIMA Transporte.

Environmental aspects
Procurement

The Bank will require that projects financed under this operation comply with national and applicable EU legislation, as appropriate.

The Bank will require that projects financed under this operation comply with national and applicable EU legislation, as appropriate.

Link to source

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).

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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