TPER green development plans support

The Intesa Sanpaolo IMI Corporate & Investing Banking Division with Cassa Depositi e Prestiti and BPER Banca signed a 65 million euro with TPER (Trasporto Passeggeri Emilia-Romagna), the largest public passenger transport company in the region in terms of numbers and service volumes, acting as Lead, Mandated Lead Arranger, Agent Bank and Sustainability Coordinator, confirming the Bank's commitment to supporting the energy transition.

Furthermore, Intesa Sanpaolo and TPER granted a second bilateral loan of 15 million euro, 80% backed by SACE’s Green Guarantee, bringing the resources available to the company to 80 million euro overall.

The loans feature a pricing mechanism linked to the attainment of specific goals in the field of ESG. The proceeds of the transactions will support investments to renew the fleet, focusing in particular on hydrogen and electric power and forming part of TPER's 2023-2026 growth programme.

The company’s development plan, partly financed by access to government grants including funds linked to the National Recovery and Resilience Plan, envisages investments of more than 430 million euro and the purchase of 582 new buses, replacing around 49% of the existing fleet.

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