Transport
Finance opportunies offered
by the Commission
EIP Smart Cities outreach meeting
22 JSeptember 2016, Prague
Axel Volkery
European Commission
DG MOVE C2

Transport
EU role in financing projects in innovative,
smart, sustainable urban mobility:
1) Facilitate cross-border aggregation of smaller investments by cities
and industry > Smart cities Action Clusters: city electromobility and
smart mobility services
2) Technical Assistance for setting up big investments by cities, public
transport and infrastructure operators: ELENA-EIB (Horizon2020, 50
mEUR) instrument and dedicated experts in EFSI Hub
3) Grants - Co-fund and de-risk R&D (Horizon2020): PPP-consortia for
demonstration projects - Electric buses, logistics, vehicles (80 mEUR
per year) and Innovative Actions (REGIO)
4) Co-funding, loans and other financial instruments: European
Structural and Investment Funds, Connecting Europe Facility and EFSI

Transport
EU role in financing projects in innovative,
smart, sustainable urban mobility:
1) Facilitate cross-border aggregation of smaller investments by cities
and industry > Smart cities Action Clusters: city electromobility and
smart mobility services
2) Technical Assistance for setting up big investments by cities, public
transport and infrastructure operators: ELENA-EIB (Horizon2020, 50
mEUR) instrument and dedicated experts in EFSI Hub
3) Grants - Co-fund and de-risk R&D (Horizon2020): PPP-consortia for
demonstration projects - Electric buses, logistics, vehicles (80 mEUR
per year) and Innovative Actions (REGIO)
4) Co-funding, loans and other financial instruments: European
Structural and Investment Funds, Connecting Europe Facility and EFSI

Transport
Horizon 2020
 Transport Challenge: Mobility For Growth Calls for 2017
will include:
 MG4.1-2017 Increasing the take-up and scale-up of innovative solutions
 MG4.2-2017 Supporting smart electric mobility
 MG4.3-2017 Innovative approaches for integrating urban nodes
 Plus additional topics on ITS & logistics & infrastructure
 Focus area: Smart cities call 2017 will include
 Smart Cities and Communities (innovative integration of electric vehicles with
energy infrastructure / ICT)
 Smart Cities and nature-based solutions
Grants

Transport
1-2 additional slides
on topics

Transport
Innovative actions in sustainable urban development
 Pilot new approaches to the challenges faced by cities (Art. 8 ERDF,
total of EUR 372 million for 2014-2020, >50.000 inhabitants, up to 5
million per project (80 per cent co-funding)
 Projects are selected through calls for proposals = 2nd call
forthcoming including approx. Euro 150 million for the topics of urban
mobility, circular economy, integration migrants)
 http://ec.europa.eu/regional_policy/sources/activity/urban/urban_innovati
ve_actions.pdf
EIB ELENA Transport
 a technical assistance programme covering up to 90% of the
technical support costs to prepare large energy efficiency and
renewables as well as urban mobility and transport projects
 Helps prepare large scale bankable innovation projects
 The Commission is giving ELENA €35 for the energy sector and €15
million for the transport sector over 2016-2020
http://www.eib.org/products/advising/elena/index.htm
Grants

Transport
Connecting Europe Facility (CEF)
 Since 2014, there is specific coverage of nodes including urban nodes
i.e. cities on the TEN-T network; up to €200 million will be spent in total
on urban nodes over 2014-20
 Funding is also available for Innovation and new technologies
(alternative fuels). Pilot projects are co-financed at up to 50% and
mobile equipment is also covered (10% of the project's budget)
 Co-financing rates are higher for the 15 cohesion countries
 Follow the urban nodes and the innovation calls
http://ec.europa.eu/transport/themes/infrastructure/
http://ec.europa.eu/inea/en/connecting-europe-
facility/cef-transport
* Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary,
Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia
Grants

Transport
European Structural and Investment Funds
(ERDF, ESF, Cohesion Fund)
Urban mobility and alternative fuels are covered under:
• Thematic Objective 7 "Sustainable transport"
• aims at promoting sustainable transport and removing bottlenecks by
investing in TEN-T, environment-friendly and low-carbon transport systems
and interoperable railway systems
• Thematic Objective 4 "Low-carbon economy":
• aims at supporting a shift towards a low-carbon economy by promoting
low-carbon strategies, incl. sustainable urban mobility7
• Article 7 of the ERDF regulation
• Ring-fences support to sustainable urban development through strategies
for integrated action (5 per cent of national allocations)
 We estimate approx. EUR 14 bn for urban mobility.
Grants

Transport
European Investment Bank loans and guarantees
 Direct loans and guarantees for large-scale projects (> €25 million)
 Intermediated loans and guarantees for small and medium-scale
projects, via national and regional intermediary banks
 Transport by far the largest sector of EIB investment, including
 Construction and extension/rehabilitation of public transportation networks
 Acquisition of rolling stock/buses
 Intelligent Transport Management and Information Systems
 Contact EIB or your national or regional bank directly with
your project

Transport
Special financial instruments
Horizon 2020
• InnovFin is available to support with a set of financial instruments
covering innovative SMEs, mid-caps and large corporate
• http://www.eib.org/products/blending/innovfin/
Connecting Europe Facility
• CEF debt instrument is developing financial schemes for the deployment
of alternative fuels infrastructure (contact EIB directly)
• http://ec.europa.eu/inea/en/connecting-europe-facility/cef-transport
• Under discussion: creation of a Clean Transport Finance Facility
ESI FUNDS
• The JASPERS programme gives technical assistance to prepare high
quality projects to be financed by the ESI Funds in 14 Member States
• FI-Compass gives advisory services on financial instruments under the
ESI Funds (and on microfinance under the Programme for Employment
and Social Innovation)

Transport
The European Fund for Strategic Investments (EFSI)
 Consists in a €21 billion guarantee from the Commission and the EIB
 Allows to increase EIB's lending capacity with €60 billion for more risky projects
 Give extra assurance to other public and private investors, resulting in an extra
financing capacity of €255 billion
 Total extra investment capacity in the EU economy is thus €315 billion under EFSI I
 EFSI can finance fleets and equipment
 Cities and projects promoters directly contact the EIB and the
National Promotional Banks to benefit from the EFSI
 An Advisory Hub has been created and regional hubs are likely to be
created in the future: http://www.eib.org/eiah/index.htm
 A European web portal has been set up in Q1 2016 to match projects
and investors (minimum size 10 million)
 Blending CEF grants with EFSI financial instruments is also possible

Transport
EU role in financing projects in innovative,
smart, sustainable urban mobility:
1) Facilitate cross-border aggregation of smaller investments by cities
and industry > Smart cities Action Clusters: city electromobility and
smart mobility services
2) Technical Assistance for setting up big investments by cities, public
transport and infrastructure operators: ELENA-EIB (Horizon2020, 50
mEUR) instrument and dedicated experts in EFSI Hub
3) Grants - Co-fund and de-risk R&D (Horizon2020): PPP-consortia for
demonstration projects - Electric buses, logistics, vehicles (80 mEUR
per year) and Innovative Actions (REGIO)
4) Co-funding, loans and other financial instruments: European
Structural and Investment Funds, Connecting Europe Facility and EFSI