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This is first ever combination of funds.
The European Commission is launching a new and innovative way to finance transport infrastructure projects in Europe. The call for proposals will seek to combine €1 billion of grants (Connecting Europe Facility - Transport) with financing from public financial institutions, the private sector or, for the first time, the European Fund for Strategic Investments, the heart of the Investment Plan for Europe and a top priority for the Juncker Commission.
This first ever combination of funds will help to achieve the twin objectives of boosting investment to fund innovative, sustainable transport infrastructure upgrades while supporting jobs needed to put that infrastructure in place. The call contributes to the implementation of the Commission's Strategy for Low-Emission Mobility under the Energy Union, and also supports investments in "sustainable transport" in view of the upcoming road mobility initiatives to be launched later in the year. Read more
Source: EUROPEAN COMMISSION
