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Renewal of Palma de Mallorca's Urban Bus Fleet

Sector: Automotive • Location: Palma de Mallorca, Spain

Source: Highways Today

Project
Ongoing

Palma de Mallorca’s urban buses will start being replaced with new, more modern, safer, more comfortable and less polluting vehicles. The European Investment Bank (EIB) has signed an agreement with Empresa Municipal de Transportes (EMT) of Palma whereby it will provide a EUR 30 million loan for replacing the company’s existing urban buses in Palma de Mallorca with new cleaner vehicles powered by c

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The project “Renewal of Palma de Mallorca's Urban Bus Fleet” is an infrastructure initiative in the Automotive sector, located in Palma de Mallorca, Spain. Taiyo aggregates data on it from Highways Today.

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ongoing

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Description

Description

Palma de Mallorca’s urban buses will start being replaced with new, more modern, safer, more comfortable and less polluting vehicles. The European Investment Bank (EIB) has signed an agreement with Empresa Municipal de Transportes (EMT) of Palma whereby it will provide a EUR 30 million loan for replacing the company’s existing urban buses in Palma de Mallorca with new cleaner vehicles powered by compressed natural gas (CNG). The EIB loan will also finance the construction of a new CNG refuelling station and the upgrading of EMT’s IT, fleet management and ticketing systems. The project is supported by the European Fund for Strategic Investments (EFSI), the main plank of the European Commission’s Investment Plan for Europe, also known as the Juncker Plan.

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High

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100%

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