The European Investment Bank adopted a revised transport lending policy during its board meeting of 13 December 2011.
The Board commended the new transport lending policy as it sets the guiding principles and selection criteria that will reinforce the Bank's contribution to this sector, in particular taking into account climate change concerns.
The new lending policy reinforces the linkages to the Bank’s mandate under its Statute, the Corporate Operational Plan’s (COP) lending priorities, and the full range of EU policy objectives that transport lending supports. It also outlines how the Bank’s Value Added framework is applied in the project prioritisation and appraisal process in terms of ensuring a potential project’s consistency with EIB objectives and the quality assessment undertaken by the Bank. The lending policy includes, for each sub-sector, the economic rate of return and technical requirements expected to be met by the projects financed by the Bank.
Furthermore, the new policy outlines the role played by the climate action indicator in the COP in terms of prioritising certain types of investments as well as reiterates the Bank’s commitment to perform and report on a carbon footprint assessment for most projects.
The new transport lending policy fully takes into account the European Commission White Paper for transport "Roadmap to a Single European Transport Area –Towards a competitive and resource efficient transport system” that was adopted on 28 March 2011.
The transport lending policy was reviewed following a formal public consultation, reflecting the views of from a diverse set of stakeholders from the transport sector ranging from the business community, public authorities, environmental non-governmental organizations and academia. View the public consultation section of the EIB’s website to obtain more information on the consultation process.
Consult the new transport lending policy.