EC and EIB establish CEF transport blending facility

The European Commission (EC) and the European Investment Bank (EIB) are launching a CEF transport blending facility, a funding instrument to support projects contributing to environmental sustainability and transport efficiency. With an initial budget of €200 million from the EU budget, the CEF (Connecting Europe Facility) will finance investments in the European Railway Traffic Management System and alternative fuels infrastructure. It will utilise funds from the EIB, National Promotional Banks and the p
April 3, 2019 Read time: 1 min

The 1690 European Commission (EC) and the 4270 European Investment Bank (EIB) are launching a CEF transport blending facility, a funding instrument to support projects contributing to environmental sustainability and transport efficiency.

With an initial budget of €200 million from the EU budget, the CEF (Connecting Europe Facility) will finance investments in the European Railway Traffic Management System and alternative fuels infrastructure. It will utilise funds from the EIB, National Promotional Banks and the private sector.

Violeta Bulc, EU commissioner for transport, says: “I have no doubt the facility will facilitate investment and contribute to the modernisation and better efficiency of European transport.”

EIB says combining EU grants and financing from public banks and private sector (blending) allows resources to support EU policy objectives.

Related Content

  • Improve efforts to develop alternative fuels infrastructure, say MEPs
    September 26, 2018
    The European Commission (EC) and member states need to ‘redouble efforts’ to boost the development of an alternative fuels infrastructure, say transport MEPs. The warning comes in a draft resolution from the Transport and Tourism Committee. Ismail Ertug, rapporteur, the Progressive Alliance of Socialists and Democrats in the European Parliament, says: “Our initiative report urges the Commission to accelerate the revision of the directive, come up with strong infrastructure targets and more funding for a
    Read More
  • EU Transport Commissioner encourages cross-border cooperation
    May 25, 2016
    Opening the 2016 General Assembly of the European Innovation Partnership (EIP) on Smart Cities and Communities (EIP SCC) which aims to improve urban life through more sustainable integrated solutions in transport, energy and ICT sectors, European Transport Commissioner Violeta Bulc challenged cities and companies to cooperate across borders, to accelerate and scale investment. She said: "Cleaner air, safer transport networks, reducing congestion, optimising use of existing infrastructure – these are just
    Read More
  • EIB and European Commission present Cleaner Transport Facility
    December 2, 2016
    At a recent TTE council meeting, the European Investment Bank (EIB) and the European Commission present the Cleaner Transport Facility (CTF) initiative, aimed at financing the decarbonisation of the transport sector in Europe. The support for alternative fuels and cleaner technology in transport is aligned with European Union policies on climate action and sustainable transport and specifically the recently-adopted strategy of the European Commission on low-emission mobility. The CTF is a new umbrella in
    Read More
  • EU mobility’s Covid escape route
    July 29, 2021
    European Union roads could be more resilient after the pandemic ends, thanks to the goal of creating a more integrated mobility network, says ERF’s José Diez
    Read More

Highlighted Content