The European Commission (EC) together with the European Investment Bank (EIB) launched the new CEF Transport Blending Facility, an innovative financial instrument to support projects contributing to the environmental sustainability and efficiency of the transport sector in Europe.
With an initial budget of EUR 200 million from the EU budget, the Facility will finance investments in the European Railway Traffic Management System (ERTMS) and in Alternative Fuels infrastructure, leveraging funds from the EIB, National Promotional Banks and private sector. This is in line with the key policy objectives of decarbonisation and digitalisation of EU transport, as well as smart, sustainable, inclusive, safe and secure mobility.
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