80 million to TPER at lower rates if ESG targets are met

80 million to TPER at lower rates if ESG targets are met

Thanks to the funding the public transport company based in Emilia-Romagna has started to purchase new low-emission buses

Improve the quality of local public transport and reduce its impact on the environment. These are the objectives of the financing granted to TPER (Trasporto Passeggeri Emilia-Romagna), which offers transport services for passengers and goods both by road, with buses and trolleys, and by rail.

The financing consists of a 65 million euro loan, part of a larger transaction valued at 80 million euros that was granted together with leading banking institutions and provides for a reduction of the interest rate upon the achievement of ESG targets (lowered CO2 emissions and injuries at work).

The resources are being used as advances to contributions from the Ministries of Infrastructure and Transport and of the Environment and Energy Security to support TPER's development plan. In fact, the company initiated the purchase of 582 new low-emission buses, equal to half of the fleet that will be fully decarbonised by 2030. In addition, electric and hydrogen charging infrastructure will be built.

The operation strengthens TPER's position as the largest company in Emilia-Romagna in terms of numbers and volumes of transport services, with 50 million kilometres travelled each year, a turnover of 290 million and more than 2,300 employees. At the same time it confirms CDP’s role in promoting the development of LPT in line with the Sectoral Strategic Guidelines on "Transport and logistics hubs".