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.

For more information on companies in this article

Related Content

  • EU research develops method for evaluating critical infrastructure
    January 10, 2013
    The European Commission’s SeRoN research project has drawn to a close, having developed a sophisticated method of identifying and quantifying threats to critical infrastructure. In December 2008 the European Commission published the directive 2008/114/EC on the identification, designation and assessment of the need to improve ‘European critical infrastructure’. In line with the objectives formulated in this directive, the SeRoN (Security of Road Transport Networks) research project was established in Novemb
    Read More
  • EU sets emissions targets to 2030, richer countries bear the burden
    July 22, 2016
    The UK’s Freight Transport Association (FTA) and FIA Europe have welcomed the European Commission’s package of measures, presented this week, to accelerate the transition to low carbon emissions in all sectors of the economy in Europe. The EU says the measures set clear and fair guiding principles to Member States to prepare for the future and keep Europe competitive. Responding to the announcement, the FTA said that the proposed measures are a step in the right direction to reducing freight carbon e
    Read More
  • Mobility as a Service gaining traction in US and Europe
    December 15, 2015
    As Mobility as a Service starts to move into the mainstream of transport planning, David Crawford compares European and North American initiatives. Mobility as a Service (MaaS) is a concept fast gaining traction on both sides of the Atlantic as a way of giving travellers digital multimodal one-stop shops and journey planning tools as an alternative to private car use. Planned delivery methods include subscription-based travel packages in Europe, and 'mobility aggregator' apps, including employee commute ben
    Read More
  • Amey: sustainability ‘crucial’ for future of mobility
    November 14, 2019
    No business conversation over the next 10 years can really be had without talking about sustainability, says infrastructure support company Amey. Speaking at the launch of the firm’s latest white paper at the London Transport Museum this week, managing director of Amey Investments Asif Ghafoor insisted that “it needs to be part of your core DNA in your business decisions and investment decisions”. He explained that the paper addresses issues such as having the right people to deliver infrastructure wh
    Read More

Highlighted Content