ANNOUNCEMENT 14 Jan 2016

On 14 January 2016, the EIB provided financing worth EUR 250 million (USD 271 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

EIB, Project financing summary, 'SME & Midcap Pima Fleet Renewal Ii', 14 January 2016.
https://www.eib.org/en/projects/loans/all/20150602

EIB, Project summary, 'SME & Midcap Pima Fleet Renewal Ii', 14 January 2016.
https://www.eib.org/en/projects/pipelines/all/20150602

EIB, Financed projects list
https://www.eib.org/en/projects/pipelines/index.htm?q=&sortColumn=projectStatusDate&sortDir=desc&pageNumber=0&itemPerPage=25&pageable=true&language=EN&defaultLanguage=EN&yearFrom=2016&yearTo=2016&orCountries.region=true&orCountries=true&orSectors=true&orStatus=true

European Investment Bank. Press release. Spain: EIB lends EUR 150 million to Banco Popular to finance SMEs in the farming and agri-food sector .
https://www.eib.org//en/press/all/2016-111-el-bei-presta-150-millones-de-euros-a-banco-popular-para-financiar-pymes-del-sector-agrario-y-agroalimentario

European Investment Bank. Press release. Spain: EIB provides EUR 600m in financing to renew road transport fleets and agricultural vehicles .
https://www.eib.org//en/press/all/2016-246-el-bei-financia-con-600-millones-de-euros-la-renovacion-de-flotas-de-transporte-terrestre-y-de-vehiculos-del-sector-agrario

Inception date: 14 Jan 2016 | Removal date: open ended

State loan

On 14 January 2016, the European Investment Bank (EIB) announced an agreement worth EUR 250 million (approx. USD 271 million) for the project SME & Midcap Pima Fleet Renewal Ii from Spain.

According to the project description issued by the EIB, Dedicated EIB loan to finance investments by SMEs and Mid-Caps in fleet renewal, including commercial fleet for land transport and agricultural machinery, in collaboration with Spains Ministry of Agriculture, Food and Environment, and Ministry of Public Works and Transport..

The objective of the project is defined as following: 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..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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