INTIEASpain · Transport sector support schemePolicyIn force

Transport sector support scheme

In March 2022, the Spanish Government enacted support for transport sector companies hit by the impacts of the global energy crisis, including :  Direct financial support to freight and passenger transport companies, depending on the type of vehicle (EUR 1 250 per truck, EUR…

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Country / jurisdiction: Spain · Year: 2022 · Status: In force · Level: National · Type: Voluntary

In March 2022, the Spanish Government enacted support for transport sector companies hit by the impacts of the global energy crisis, including :

Direct financial support to freight and passenger transport companies, depending on the type of vehicle (EUR 1 250 per truck, EUR 950 per bus, EUR 500 per van and EUR 300 per light vehicle such as cabs, VTC and ambulances)

An extension of the maturity period of the loans guaranteed by the public credit institution (Instituto de Crédito Oficial, ICO)  to 8-10 years, and an extension of the grace period of the credits guaranteed by the ICO to 6 months, will be included as a measure of immediate application.

A new line of loans to the sector guaranteed by the ICO will be established with a 12-month grace period.

In addition, Hauliers are thus entitled to a EUR 20 cents/liter subsidy for transport fuels (diesel, petrol, biofuels), a rebate that was later extended to all consumers in Spain. The cost is jointly borne by the State (EUR 15 cents/liter) and oil product operators (EUR 5 cents/liter).

Official source: https://www.mitma.gob.es/el-ministerio/sala-de-prensa/noticias/vie-25032022-0753

Source

https://www.iea.org/policies/15205

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