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

  • Crossrail project receives US$814 million EIB funding
    December 16, 2013
    The European Investment Bank (EIB), Europe’s long-term lending institution, has provided further funds to support the latest step in Crossrail’s development with a loan of up to US$814 million to Transport for London (TfL). The facility will be used for financing a fleet of new high-capacity air-conditioned trains as well as a new maintenance depot. Finance contracts were signed in London this week by Steve Allen, TfL’s Managing Director Finance and Jonathan Taylor, European Investment Bank Vice President.
    Read More
  • EU backs transport renewal funding to 2027
    March 29, 2019
    MEPs have backed a funding programme which will include money for the digitalisation of transport and the development of 5G systems. The European Union policymakers have voted to support the Connecting Europe Facility (CEF) programme for 2021-2027 in a meeting between European Parliament industry and transport committees. The provisional agreement sets the framework for continuing the CEF programme to fund transport, digital and energy projects over the seven-year period. The budgetary provisions for the
    Read More
  • A revisited framework for ITS in Europe
    November 9, 2023
    Following the newly-adopted European Directive on ITS, Joost Vantomme of Ertico – ITS Europe, shares his insights on the legislation and its opportunities for the entire industry
    Read More
  • Europe spends €112 billion per year on fossil fuels despite Phase-out plans
    September 29, 2017
    The European Governments and EU are subsidising €112 billion each year for the production and consumption of fossil fuels, claims a new report from the Overseas Development Institute and Climate Action Network (CAN) Europe – violating the Paris Agreement’s phase-out plan 2020. The report, Phase-Out 2020: Monitoring Europe’s fossil fuel subsidies (PH20202) gathered the information from 11 European countries between 2014 – 2016.
    Read More

Highlighted Content