As the EU climate bank, we’re proud to support Poste Italiane’s ambitious decarbonisation plan.
Summary sheet
The project consists of the financing of Poste Italiane vehicle fleet renovation in the 2021-2026 period. The project covers the deployment of about 1 300 new zero emissions battery electric tricycles and quadricycles and about 2 850 new zero emissions battery electric cars and vans, focusing on last mile delivery in urban environment. The project also covers the installation of the associated charging points and information technology (IT) systems.
The project has the objective of reducing air pollution, reducing greenhouse gas emissions and lowering noise in urban areas. The project will also contribute to support the deployment of electric vehicles and their associated infrastructure.
The project concerns the roll-out of a major zero-emission mobility solution (vehicles, charging stations and integrated IT platform) with the goal of considerably reducing CO2 emissions especially for last-mile deliveries in urban environment.
The project contributes to the EIB's objectives of sustainable and decarbonised road transport thereby supporting EU policy objectives. The project is consistent with the EU Green Deal and the Sustainable and Smart Mobility Strategy as well as the Bank's CBR and its TLP. It mitigates negative externalities in the form of the reduction of GHG, air pollutants (Nitrogen Oxides, Particulate Matter) and noise emissions through the electrification of road transport in an urban context. These benefits are not fully captured by postal mail and parcel related tariffs.
The project has a 100% share of Climate Action and is eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest. The EIB investment in the project support the 2030 targets set out in Italy's Integrated National Energy and Climate Plan released in December 2019.
The project is an essential component of the promoter's long-term strategy for a sustainable business development. The EIB's contribution to this investment in logistics decarbonisation is expected to materially contribute to the Promoter's effort to meet its ESG targets and crowd-in Green Finance investors.
The acquisition of electric vehicles and electrical charging points and deployment of IT systems does not fall under Annex I or Annex II of the Directive 2014/52/EU amending Directive 2011/92/EU on the assessment of the effects of certain public and private projects on the environment (EIA Directive).
The Bank will require the Promoter to ensure that contracts for the implementation of the Project have been and will be tendered in accordance with the relevant applicable EU procurement legislation, in particular Directive 2014/25/EU, as implemented by national legislation and interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
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).
Documents
News & Stories
Inside the project
How and Why
The last green mile
Why
- The boom in deliveries from online shopping since the COVID-19 pandemic has worsened transport-related carbon emissions
- Cities and logistics companies have struggled with unnecessary delivery journeys, congestion, parking and local residents’ concerns about noise and air pollution
- The trickiest part of a parcel’s journey from warehouse to doorstep is the so-called “last mile”, the final step in the delivery process from a distribution centre to the recipient.
How
- Replacement of Poste italiane fuel and petrol vehicles with 4 150 electric vehicles for deliveries
- The electricity used to charge these vehicles comes from renewable sources
- An innovative IT platform optimizes the postman’s route according to mail, distance, type of road, traffic and parcel volume.
Sectors & Countries
PLAY VIDEO
4:50
It's a rather small sum that can go a long way.
Related media
Climate solutions: Road to Utopia
With better urban transport carbon emissions will drop and our air will be healthier. Here’s how we can head further down the road to the cities — and the climate — of the future.
Car conundrum
Electric vehicles could make a big dent in Europe’s stubborn transport emissions, but they aren’t an absolute cure for the pollution and social problems of mobility
Podcast: Urban climate checklist
If you were mayor of your city, what urban climate solutions would you put in place to cut carbon emissions and improve the quality of life? Here’s a checklist
Related projects and stories
€100 million EU for Ukraine Advisory Programme rolls out
This week the European Investment Bank (EIB) welcomed Ukrainian government officials involved in the preparation and implementation of EIB-funded projects to discuss ways of speeding up and increasing the efficiency of multiple recovery projects. The initiative was supported by the Ministry of Finance of Ukraine and the European Commission.
Italy: EIB lends €200 million to Iren Group to boost electricity infrastructure
The European Investment Bank (EIB) and the Iren Group have signed a €200 million financing agreement to support the development and modernisation of electricity infrastructure in the municipalities of Parma, Turin and Vercelli.
Naftogaz Ukraine gets €400 000 EIB technical assistance grant for decarbonisation drive
The European Investment Bank (EIB) is providing €400 000 to Naftogaz, Ukraine’s national oil and natural-gas company, to make its activities greener. The technical support, financed by the EIB’s EU for Ukraine advisory programme, will help Naftogaz develop its decarbonisation strategy to align with EU climate policies.
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
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.
Related publications