EU provides EUR200m for sustainable transport and simplifies access to finance
By Jim Gibbins - 1st April 2019
Belgium / EU - The European Commission (EC - the executive body of the European Union) together with the European Investment Bank (EIB) have launched the CEF Transport Blending Facility, a new financial instrument to support projects contributing to the environmental sustainability and efficiency of the transport sector in Europe.
With an initial budget of EUR200m from the EU budget, the Facility will finance investments in the European Railway Traffic Management System (ERTMS) and in Alternative Fuels infrastructure, utilising funds from the EIB, National Promotional Banks and private sector. This move aligns with the key policy objectives of decarbonisation and digitalisation of EU transport, as well as smart, sustainable, inclusive, safe and secure mobility. To foster deployment of mature projects, the EC, for the first time, creates a 'Facility' allowing applications for financial support on a rolling basis until March 2021.
