Intesa Sanpaolo Bank To Finance Green Public Transport Project in Bucharest

Intesa Sanpaolo Bank wins the tender for financing the green public transport project in Bucharest.

Intesa Sanpaolo Bank, the Romanian subsidiary of the Intesa Sanpaolo Group, was selected by the Bucharest City Hall following an auction for contracting a loan of 150 million lei (EUR 30 million) to finance several public investments.

We support the Capital City Hall in this initiative to increase the quality of public transport in Bucharest and reduce the impact on the environment in Bucharest. We are convinced that this project will bring significant benefits and will contribute to the consolidation of local infrastructure and to the increase of the quality of life for the inhabitants of the Capital.

Vlad Ponta, Deputy General Manager and Head of the Corporate Division of Intesa Sanpaolo Bank Romania.

The loan belongs to the category of green financing. It will be used to co-finance the project “Purchase of less polluting means of transport needed from a public place of public passenger transport in the Municipality of Bucharest,” which is part of a series of vital investments for the city, with an accent. especially on urban mobility and reducing environmental impact.

The funds granted will be used to build an area of 100 autonomous trolleybuses, an essential step towards modernizing and creating the city’s public transport infrastructure.