Ministry of Transport and ICO launch two lines of credit for financing sustainable mobility projects It is subsidized by the Recovery Plan. Recipients of European funds will be able to finance up to 100% of projects supported by the Recovery, Transformation and Resilience Plan, whose funds will be used to prepay loans. Channel financing through the ICO-Mitma Sustainable Mobility Financing Line financial institutions which will act as an intermediary for the issuance of loans between potential customers and the ICO.
This line is for projects or actions that require funding, without limitation by project size. The ICO will even sign deals with banks that want to participate. The ICO-Mitma Sustainable Mobility Direct Funding Program will allow the ICO to directly formalize operations with beneficiaries. In this program, the Institute will preferably act in cooperation with other public or private financial institutions. The program is aimed Projects supported by European funds requiring more 20 million euro investment. There are currently two projects under development in the province: Alicante-Elche electric bus and a construction hydrogenated to supply buses and trucks with hydrogenIt is powered by Hidraqua and Vectalia.
Initially, the agreement financed subsidized projects. 1.46 billion euro rescue fund mobilized Through two calls by Mitma to municipalities and public and private companies in competitive competition: the assistance program for municipalities for the implementation of low-emission zones and the sustainable and digital transformation of urban transport (1,000 million) and the Support Program for sustainable and digital transport (460 million). The agreement opens the door to the addition of future calls that meet the necessary requirements, so a 2022 call can be included, which will assist municipalities in the implementation of low emission zones and is equipped with 500m euros in advance, according to the 2022 Programme. Ministry.
Funding can be requested until 31 December 2025. From 10 May 2022, potential beneficiaries can request non-binding loan pre-approval from financial institutions and start processing them, regardless of whether a financing agreement has been signed with the ICO. The customer can claim up to 100% of the subsidized project credited to the NextGenerationEU European fund, including aid and VAT and excluding advances.
Thus, the funds associated with the Recovery Plan, which Mitma will pay directly to the ICO, early repayment of the loan It is granted by reducing the principal of the activity financed in financial leasing contracts or by reducing the outstanding installments.
Benefiting from the assistance of one of the competitive calls mentioned above is a necessary but not sufficient condition for access to finance. The final issuance and amount of the loan will be subject to the risk limit and approval of the financial institutions together with each beneficiary.
Financial institutions affiliated with the ICO-Mitma Sustainable Mobility line may request from the ICO: official loans supported by customers and other warranty instruments, national or European if you meet the requirements.