EIB and EMT Valencia Partner to Expand Zero-Emissions Bus Fleet with €69 Million Loan

Image source: EMT Valencia

Published on January 8, 2025

The European Investment Bank (EIB) and Valencia’s Empresa Municipal de Transportes (EMT) have agreed on a €69 million loan to support the introduction of 145 electric buses and the necessary infrastructure. The project will replace older vehicles nearing the end of their service life, contributing to improved air quality and reduced greenhouse gas emissions in Valencia and nearby municipalities.

The loan will also fund infrastructure upgrades, including charging stations, IT systems, fire safety installations, and additional parking spaces. These improvements aim to ensure efficient integration and operation of the new electric fleet.

This initiative aligns with the EIB’s role as the EU’s Climate Bank and its Transport Lending Policy, which prioritizes safe, green, accessible, and efficient transport. By supporting zero-emissions vehicles, the project addresses urban mobility needs while reducing noise, pollution, and carbon footprints.

The investment complements Valencia’s efforts to enhance sustainable public transport and aligns with broader EU goals under the European Green Deal. In 2023, the EIB provided €11.4 billion in financing in Spain, with €6.8 billion allocated to climate and environmental sustainability projects. This project forms part of ongoing work to encourage environmentally responsible transport systems.

Share this news: