The European Investment Bank (EIB) today reiterated its commitment to finance the first line of Bogotá metro, a project to which the EU bank is contributing with a USD 480m credit line. EIB Vice-President Emma Navarro, who is currently on an official visit to Colombia, met today with the Manager of Empresa Metro de Bogotá S.A., Andrés Escobar, to analyse the project’s progress and the EIB’s involvement in its financing. The EU bank provided the first tranche of this loan – USD 56m – in August.
A week away from the release of the European Commission’s 2050 “Long-Term Strategy” for emissions reduction, three Brussels based organisations, Eurofuel, ECFD and UPEI – jointly with their respective German members – presented and debated the results of the Prognos Study “Status and Perspectives for Liquid Energy Sources in the Energy Transition”. The Prognos Study was commissioned by the four organisations representing the mineral oil sector in Germany. Whilst the study focussed on an analysis of the German market, the findings can be extrapolated on an EU wide level. The event was held on 21 November 2018 in Brussels and gathered experts and professionals from the transport and heating fuels sector.