Lost in Transportation: The European Investment Banks bias towards road and air transport

This report finds that the multi-million euro loans of the European Investment Bank (EIB) in the transport sector are helping to fuel climate change and have made little or no contribution to the more progressive goals of the EU White Paper on transport, especially those on modal shift and decoupling transport from economic growth. The report analyses the EUR 112 billion that the EIB provided to transport projects in the period 1996-2005. In terms of annual loan volumes, the EIB is the biggest public international financial institution in the world and its activities are supposed to promote the policies of the European Union.