EU allocates nearly €700M to build clean fuel mobility infrastructure

EU allocates nearly €700M to build clean fuel mobility infrastructure

The European Commission has proposed to invest €695.1 million, through the Connecting Europe Facility (CEF), in 49 key projects to develop sustainable and innovative transport infrastructure in Europe across all transport modes. Selected projects will provide infrastructure enabling greater use of alternative fuels and vehicles, modernize Europe’s air traffic management, and further develop waterborne and rail transport. EU Commissioner for Transport Violeta Bulc said: “These projects are concentrated on the strategic sections of Europe’s transport network to ensure the highest EU added-value and impact. This will allow us to further accelerate our transition to low-emission mobility across Europe, and firmly deliver on the EU’s agenda for jobs and growth. We expect it to unlock a total of €2.4 billion of public and private co-financing.” Over €250 million of CEF funding will be invested in 26 projects dedicated to developing new technologies in transport notably promoting alternative fuels, such as: greening the maritime transport link between Swinoujscie port in Poland and Ystad port in Sweden; deploying hydrogen public transport infrastructure in Denmark, the UK and Latvia; building a network of bio-LNG stations on roads connecting southern Spain and eastern Poland, via France, Belgium, the Netherlands and Germany; developing zero-emission public transport services for Amsterdam airport. An additional €450 million is made available to finance alternative fuel infrastructure through the InnovFin Energy Demo Projects (EDP) and CEF Debt Instrument. They are managed by the European Investment Bank.

http://www.ngvjournal.com/s1-news/c1-markets/eu-allocates-nearly-e700m-to-develop-low-emission-mobility-infrastructure/

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