EIB Signs €40 Mln Loan to build Charging Stations in Bulgaria, Lithuania and Romania

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EIB Signs €40 Mln Loan to build Charging Stations in Bulgaria, Lithuania and Romania

[26/01/2024 05:26]

SOFIA-Saba
The European Investment Bank (EIB) announced Friday signing a EUR 40 million loan to EV charging station operator Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations in Bulgaria, Lithuania and Romania in three years.

The project supports clean mobility and the EU Green Deal goals for sustainable transport and decarbonization, the announcement says.

The Bulgarian News Agency said the deal is backed by the InvestEU programme which invests in EU policy priorities like the green transition, competitiveness, innovation and sustainable infrastructure.

With InvestEU and the EIB’s financial support, Eldrive Holding is planning to invest about EUR 146 million to deploy 4,376 new EV charging stations in Romania, 2,575 in Lithuania and 1,530 in Bulgaria.