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

  • Cross-border enforcement close to becoming a reality
    February 2, 2012
    TISPOL Director Ad Hellemons offers the organisation's perspective on the issue of cross-border enforcement of traffic penalties, the progress that has been made and the potential hurdles yet to be overcome
    Read More
  • EU funds further sustainable mobility initiatives
    July 9, 2013
    As part of its three-year Sustainable Urban Mobility campaign, Do the Right Mix, the European Commission has released the names of a further eighteen campaigner-led projects to be awarded funding. Each action will receive up to EUR 7000, which can be used to strengthen activities promoting sustainable urban mobility, from cycling courses, to car-sharing, fun activities for children and more.
    Read More
  • FDOT partners with Florida Poly to develop transportation test facility
    September 29, 2016
    The Florida Department of Transportation (FDOT) and Florida Polytechnic University are to partner in a new transportation technology testing facility, SunTrax, to create a high-tech hub for the research, development and testing of emerging transportation technologies related to tolling, intelligent transportation systems (ITS) and automated and connected vehicles. The initial phase of the project will focus on the construction of a toll testing facility expected to offer local and potentially national a
    Read More
  • Home based real time travel information drives reduction in car use
    January 20, 2012
    David Crawford investigates a new approach to discouraging car use - the 'kitchen as travel centre'. ITS technology working together with UK planning legislation is driving an innovative 'kitchen as travel centre' approach to home design which is boosting public transport as an alternative to car use. The combination is already proving powerful enough to assuage environmentalist opposition to major urban developments. It is also being seen as a way of delivering wider social and community benefits inside an
    Read More

Highlighted Content