The European Investment Bank (EIB) and the European Commission have signed an agreement that will make it possible to combine E.U. grants and long-term EIB financing for alternative fuels infrastructure projects.
The agreement comes under the Alternative Fuels Infrastructure Facility (AFIF) and is part of the European Union’s Connecting Europe Facility (CEF) transport program. It will make more than €1.5 billion ($1.7 billion) in E.U. grants available by the end of 2023 for alternative fuels infrastructure, including electric fast-charging and hydrogen refueling stations on the TEN-T road network. In addition to the EIB, other private and public banks can also benefit from the facility.
“We are very proud that with our partners from the European Commission, we can offer companies and projects in Europe new support for alternative fuels infrastructure development,” said Kris Peeters, vice president for EIB, who is responsible for transport operations. “Catalyz