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

  • ITS European Congress 2023: Smart Mobility Summit focuses on green issues
    May 25, 2023
    Representatives from EMEA cities discussed road space, liveability and data sharing
    Read More
  • US FY 2016 budget invests heavily in ITS, infrastructure
    February 3, 2015
    Announcing President Obama’s US$94.7 billion Fiscal Year 2016 budget for the US Department of Transportation, Transportation Secretary Anthony Foxx said, “Our budget proposal lays the foundation for a future where our transportation infrastructure meets the demands of a growing population and an economy that depends on the free flow of freight,” said Secretary Foxx. “This Administration is looking towards the horizon – the future – but to do this we need Congress’ partnership to pass a long-term reauthorisa
    Read More
  • Key Russian PPP project
    April 18, 2012
    The Northern Capital Highway (NCH) consortium has been named the preferred bidder in the tender for the central section of St Petersburg’s Western High-Speed Diameter (WHSD) project. Should NCH win the tender process it will build and then operate the entire stretch of the toll road. The consortium comprises VTB Capital and Gazprombank from Russia in partnership with Italian company Astaldi and Turkish firm Ictas Insaat.
    Read More
  • Federal funding for PennDOT transport projects
    November 14, 2014
    Pennsylvania Department of Transportation (PennDOT) has announced federal funding of US$33 million for 56 projects to improve transportation alternatives, according to PennDOT Secretary Barry J. Schoch. Transportation alternative projects enhance pedestrian and bicycle facilities, improve access to public transportation, create safe routes to school, preserve historic transportation structures, provide environmental mitigation, create trails that serve a transportation purpose, and promote safety and mob
    Read More

Highlighted Content