After 11 years, the European Investment Bank (EIB) is finally updating its Transport Lending Policy. The bank plays a significant role in what tomorrow’s transport system will look like, investing more than €20 billion in the sector in the past two years. Despite some positive elements, such as urban mobility and rail being the first mentioned priorities, the EIB’s new draft transport policy lacks vision. It does not make the clear choices urgently needed to make sure public investments overhaul the current transport system, giving people equal access to safe transport that respects environmental boundaries.
Counter Balance has produced this analysis of the draft Transport Lending Policy with CEE Bankwatch Network, Greenpeace and urgewald, which examines how the EIB can improve on the draft and what the bank has got right.