As stated by the EIB, the project will finance low-emission electric vehicles (EV) for operational leasing. The EV market in Romania is at an early stage of development with high upfront costs. By financing leasing companies, the EIB plays a significant role in increasing the EV deployment in the EU market, hence in supporting the industry to produce at a larger scale to reduce EV costs.
The aim is to enhance access to finance to Small and Medium Enterprises (SMEs), as well as to reduce CO2 emissions. This project contributes to deploy alternative fuels, thereby reducing not only the negative environmental externalities of road transport, but also the fuel consumption costs for transport operators, mostly SMEs.
The project, which has a 100% share of Climate Action, is eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest. It also contributes to the EIB's SMEs Lending priority, Transport Lending Policy and Climate Bank Roadmap, as well as sustainable and decarbonised road transport, thereby also supporting EU policy objectives.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||UniCredit Bank SA - Romania||Parent Company||Finance|
No project contacts provided at the time of disclosure.
Financial Intermediary - UniCredit Leasing Fleet Management S.R.L.:
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