Pool financing for Start Romagna to develop green transport
Intesa Sanpaolo is participating in the €50-million pool financing for Start Romagna, enabling the local public transport company to renew its bus fleet with a view to sustainability.
A total of 241 vehicles will be replaced from 2022 to 2025, making up 43% of the total: the new vehicles will be powered mainly by natural gas, liquid natural gas and hybrid natural gas, while new fully electric vehicles are planned for the urban area.
The credit line includes an interest rate component linked to the achievement of specific ESG targets:
- reduction of pollutant emissions
- average annual training hours per employee.
The pool of institutions participating in the financing include Intesa Sanpaolo as Sustainability Coordinator, Mandated Lead Arranger, Coordinator and Agent, BPER Banca as Mandated Lead Arranger and the BCC Iccrea Group (with BCC Banca Iccrea, BCC Ravennate Forlivese e Imolese, Riviera Banca and Credito Cooperativo Romagnolo).
Last updated 14 October 2022 at 17:40:07