Mobility and Transport

Sustainable transport

ELENA: supporting the deployment of sustainable and innovative urban mobility

ELENA: supporting the deployment of sustainable and innovative urban mobility

28/06/2018

ELENA (European Local Energy Assistance) provides grants for project development assistance to public and private project promoters. It has already awarded around €120 million of EU support triggering €4.7 billion of expected investments on the ground in 21 countries.

The facility was created by the European Commission and the European Investment Bank (EIB) to support the preparation of bankable, ambitious and large-scale investment programmes in energy efficiency and distributed renewable energy. Since 2016, ELENA also supports projects in the field of sustainable and innovative urban mobility.

Six transport projects are currently benefitting from €12.4 million from the ELENA facility. These projects are expected to generate a total investment of €511 million.

 

Background

Funded under the Horizon 2020 programme since 2014, ELENA is implemented by the EIB as part of an agreement with the European Commission.

Support from the ELENA facility can cover up to 90% of eligible project development costs, which may include expenses related to feasibility and market studies; programme structuring; energy audits; financial structuring and/or preparation of tendering procedures and contractual arrangements. It does not cover costs related to the investment itself.

The six projects were presented at the General Assembly of the European Innovation Partnership in Smart cities and communities in Sofia today.

 

For more information:

EIB ELENA

EIP SCC Urban Mobility

 

Projects Factsheets:

GvB: http://www.eib.org/attachments/documents/scmc_factsheet_en.pdf

City of Klaipeda: http://www.eib.org/attachments/documents/depo_klaipeda_factsheet_en.pdf

Trafikselskabet Movia: http://www.eib.org/attachments/documents/tebb-factsheet-en.pdf

City of Gothenburg: http://www.eib.org/attachments/documents/gcc-factsheet-en.pdf