The European Investment Bank, or EIB, is the European Union’s bank, owned by and representing the interests of the European Union Member States. It works closely with other EU institutions to implement EU policy. As the worldwide largest multilateral borrower and lender by volume, it provides finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. Although more than 90% of our activity is focused on Europe, it supports the EU’s external and development policies by supporting projects across the globe.
Efficient mobility infrastructure and services are indispensable for any well-functioning society and are necessary elements of any viable long-term economic strategy. The EIB’s approach strives for the most efficient, economic and sustainable way of satisfying transport demand. This requires a mix of transport solutions, covering all modes. In this context and in line with European Union (EU) policy, the EIB prioritises investments in railways, inland waterways and maritime projects (in particular the Motorways of the Sea) as these are intrinsically the most promising in terms of reducing greenhouse gas emissions per transport unit. The same applies to urban transport and intermodal hubs. Moreover, the EIB promotes the development of cleaner and safer vehicles by increasingly focusing its lending to the automotive industry on research and development (R&D). The EIB also finances sustainable transport projects in many regions outside the EU, where it seeks to apply the same quality standards as in the Union.
The EIB’s transport lending policy ensures that the Bank continues to realize key EU policies whilst responding to environmental and climate change policy. The EIB’s transport lending policy ensures that the Bank continues to realize key EU policies whilst responding to environmental and climate change policy. Two of the Bank’s three key Transport Lending Policy objectives specifically address climate action, safety, and resource efficiency. The Bank’s commitment to energy efficient and low carbon transport is evidenced by the pipeline of projects we have financed. By providing a crucial source of low-cost funding for public and private sustainable transport initiatives, the EIB finances projects that offer tangible, long-term positive impacts and benefits.
For more information concerning the EIB’s Transport Lending Policy, click here: http://www.eib.org/attachments/strategies/transport_lending_policy_en.pdf
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