EU bank to provide over 1 billion euros for urban transport
Urban mobility
Wednesday, 27 November 2019

EU bank to provide over 1 billion euros for urban transport

The European Investment Bank has announced more than €1.4 billion worth of new city finance for projects on transport, energy efficiency and others.

The new loans–which will support Rotterdam, Warsaw, Barcelona, Valencia, and others–is part of the bank’s aim to allocate at least 50 percent of its financing activities for projects that support climate action and environmental sustainability. A “significant share” of this will be implemented in cities.

Karl-Heinz Lambertz, President of the European Committee of the Regions, said: “The 2019 renewed Action Plan will contribute to support high-quality projects that benefit citizens and businesses alike and leaves no region behind.”

Continue reading this story on cities-today.com

Photo: European Union / Vincent van Doonik


Share your story

Do you have an innovation, research results or an other interesting topic you would like to share with the professionals in the infrastructure, traffic management, safety, smart mobility and parking industry? The Intertraffic website and social media channels are a great platform to showcase your stories!

Please contact our Sr Brand Marketing Manager Carola Jansen-Young.

Are you an Intertraffic exhibitor?

Make sure you add your latest press releases to your Company Profile in the Exhibitor Portal for free exposure.