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

  • TM 2.0 boost TMC data feed and driver influence
    November 15, 2017
    TM 2.0 views connected vehicles and V2I as two-way communications channels, benefitting traffic management and drivers, as Alan Dron discovers. As connected vehicles are progressively rolled out there will come a point at which traffic managers and traffic management centres (TMCs) will have to gear up to cope with a rapidly-evolving road scenario. The TM 2.0 Platform (see box) is promoting a concept of new-generation traffic management (which carries the same TM 2.0 title) and is studying how future T
    Read More
  • NGMN calls on EC to rethink connected car technology
    December 12, 2018
    An organisation representing telecoms network operators has warned European lawmakers that their vision for the development of cooperative ITS (C-ITS) risks being too narrow. In a letter to European Commission president Jean-Claude Juncker, the board of the NGMN Alliance highlights a key piece of EC legislation which will determine the technologies used for connected vehicles – and urges the inclusion of cellular-V2X (C-V2X) on the list. “Despite the EC’s stated commitment to technology neutrality, we
    Read More
  • CIHT welcomes NAO report on roads infrastructure funding
    June 9, 2014
    The UK’s Chartered Institution of Highways & Transportation (CIHT) has welcomed the National Audit Office’s (NAO) report, Maintaining strategic infrastructure: roads, which highlights how long term funding certainty is crucial to how the UK manages its road infrastructure. Funding pressures on highways authorities have encouraged efficiency and innovation in how budgets for road maintenance are spent, but public value will be lost unless funding becomes more predictable, according to the report. The r
    Read More
  • PTV works with partners to develop transport modelling software for AVs
    January 24, 2019
    PTV, a member of the CoEXist European research project, has announced the development of transport modelling software which it says is ready for automated vehicles (AVs). CoEXist is a three-year project which focuses on the interaction between semi-automated and conventional vehicles in the transition to fully-AV fleets. It is funded under the Horizon 2020 framework programme of the European Commission with a budget of €3.5 million. Four cities are involved: Gothenburg (Sweden), Stuttgart (Germany),
    Read More

Highlighted Content