17 May 2019
The CEF Transport Blending Facility is an innovative approach to promote the substantial participation of private sector investors and financial institutions in projects contributing to the environmental sustainability and efficiency of the transport sector in Europe. The CEF Transport Blending Facility will support two areas which deliver on the Commission's agenda for a clean and digital transport system:
It is implemented via a cooperation framework between the European Commission and Implementing Partners to support Blending Operations, i.e. investments combining the use of grants and/or financial instruments from the EU budget and financing from the Implementing Partners (via a loan, debt, equity or any other repayable form of support).
In the context of the CEF Transport Blending Facility, the European Investment Bank (EIB) will be the first Implementing Partner upon the signature of an operational agreement with the EC. Other entities, such as national promotional banks, may be entrusted in the future. The European Commission is currently negotiating agreements to define the respective involvement of other potential Implementing Partners.
With a budget of €198 million, the grant component of the Blending Operations under the CEF Transport Blending Facility is managed by the Innovation and Networks Executive Agency (INEA). Promoters can only apply for the CEF TBF grants with the support of the EIB or other implementing partners. Implementing Partners will screen potential operations for their eligibility for a CEF TBF grant. They will share the pipeline of potentially eligible operations with the EC. Later, the Implementing Partner will facilitate the CEF TBF Application File (see detailed process foreseen below). A dedicated rolling call for proposals will be published in June/July 2019 (indicative) with quarterly cut-off dates until March 2021, unless the budget is exhausted earlier. Grant Application form submitted by the Applicant, together with Application files submitted by the Implementing Partners will be evaluated by the European Commission after each cut-off date.
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