By March 2016, the European Investment Bank has approved 10 transport projects under the European Fund for Strategic Investment (EFSI) finance.
The total number of the infrastructure and innovation projects approved is 54 with a EUR 7.2 billion financing under the EFSI. With a EUR 3.4 billion SME financing agreements approved, the total expected investment triggered is EUR 76.1 billion.
The European Structural & Investment Funds are a key source for EU co-financing for transport projects, with an estimated envelope of EUR 70 billion for the 2014- 2020 period. The EFSI legal basis allows Member States to use these funds to contribute to the financing of projects eligible for EFSI. They can feed into Investment Platforms in areas such as urban transport and sustainable mobility or support the projects directly.
The countries that have received the transport finance are Italy, Slovakia, France, Spain, Gemany and the Netherlands.
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