European Commission and European Investment Bank join forces to support investments for road safety and clean transport
Violeta Bulc, Commissioner for Transport and the European Investment Bank (EIB) Vice-President Vazil Hudák are joining forces to support investment for road safety and sustainable transport. At the occasion of the Trans-European Transport Network (TEN-T) and the Connecting Europe Facility (CEF) Conference in Bucharest, they launched simultaneously a ‘Safer Transport Platform’ and a new ‘CEF Transport Blending Facility’ (CEF BF). The Platform aims at promoting safety as a key element for transport investment and to provide easy access to technical and financial advice, in particular for road safety. The Blending Facility is 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, the Facility will simplify access to EU grants or financial instruments and attract market-based financing, focusing on the deployment of the European Rail Traffic Management System (ERTMS) to improve rail safety and capacity and Alternative Fuels.
Commissioner for Transport Violeta Bulc said: “ I am very pleased that our good cooperation with the EIB shows concrete results to the benefit of European citizens. On the one hand, by focusing on clean mobility including the deployment of alternative fuel and the use of ERTMS, the CEF Transport Blending Facility will encourage and facilitate investments in two of our key policy objectives: the decarbonisation and digitalisation of EU transport. On the other hand, we are joining forces to further support road safety. To save lives on European roads, we need targeted investment in the right measures. The Safer Transport Platform will help making sure that projects receive the necessary technical and financial advice, and eventually contribute to the reduction of road fatalities on our roads”
Source: European Commission
In: CLEPA News, Environment & Energy, Safety