ship.energy

EU Green Recovery Programme offers €142 million for transport fuel projects

The European Union’s (EU)  €2.2 billion Green Recovery programme – through which it hopes to support economic recovery and achieve its European Green Deal climate objectives – includes funding of almost €142 million for 19 projects driving the shift to greener fuels for transport.

In a statement issued on Thursday (16 July), the EC added that a number of projects for greener transport fuels ‘involve converting vessels so they may run on Liquefied Natural Gas (LNG), as well as installing corresponding infrastructure in ports’.

Road transport will also see the deployment of an alternative fuels infrastructure, through the installation of 17,275 charging points on the road network and the deployment of 355 new buses.

Commenting on the overall Green Recover programme – which encompasses 140 transport projects – Adina Vălean, the EC Commissioner for Transport, said: ‘The €2.2 billion EU contribution to this crucial transport infrastructure will help kick-start the recovery, and we expect it to generate €5 billion in investments. The type of projects we invest in ranges from inland waterways transport to multimodal connections, alternative fuels to massive railroad infrastructure. The Connecting Europe Facility (CEF) is one of our key instruments in creating a crisis-proof and resilient transport system – vital now and in the long run.’

The projects were selected for funding via two competitive calls for proposals launched in October 2019 (regular CEF Transport call) and November 2019 (CEF Transport Blending Facility call). The EU’s financial contribution comes in the form of grants, with different co-financing rates depending on the project type.

Click here for more information on the CEF Call 2019 selected projects.

Lesley Bankes-Hughes

Lesley Bankes-Hughes