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

  • Car to car communications a step closer
    December 14, 2012
    Vehicle manufacturers have targeted 2015 for the first cars to roll off European assembly lines fitted with operational V2X technology. They and their partners in the Car 2 Car Communications Consortium are confident of meeting the target, reports Jon Masters. Around three years from now vehicles should be appearing in showrooms boasting the capability of communicating with each other. Manufacturers will have started fitting the first proprietary car-to-car driver-aid safety devices and deployment of ‘vehic
    Read More
  • UITP, ITF welcome UN plan to advance sustainable transport
    November 1, 2016
    Both the UITP and the International Transport Forum (ITF) have welcomed the United Nations High-Level Advisory Group report which recommends that greener, more efficient and sustainable transport can save trillions and help achieve the sustainable development goals. According to the report, Mobilizing Sustainable Transport for Development, greater investment in greener, more sustainable transport systems is essential for propelling the economic and social development that is vital to achieving the Sustai
    Read More
  • NYSERDA, NYSDOT to fund fossil fuel-reducing transport projects
    July 12, 2013
    The New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Transportation (NYSDOT) have partnered to provide funding to eleven businesses, non-profit organisations and research institutions to promote energy-saving technologies designed to reduce carbon-dioxide emissions in New York State.
    Read More
  • Effortless mobility for everyone
    September 10, 2021
    To improve the way we move people around, a lot of stakeholders are going to need to start cooperating and aligning, suggests Edwin van den Belt, software architect at Dat.mobility
    Read More

Highlighted Content