Skip to main content

EU approves US$660 billion to transform Europe's transport network

The EU's Council of transport ministers met in Brussels yesterday and approved a proposal for a new regulation of Trans European Transport – Network (TEN-T) guidelines, in a package for a Connecting Europe Facility. The proposal approved yesterday, and which will cost US$660 billion by 2020 if fully implemented, is aimed at establishing and developing a complete TEN-T, consisting of infrastructure for roads, railways, inland waterways, shipping ports and airports. It also defined a comprehensive network and
March 23, 2012 Read time: 3 mins
The 1816 European Union's Council of transport ministers met in Brussels yesterday and approved a proposal for a new regulation of Trans European Transport – Network (TEN-T) guidelines, in a package for a Connecting Europe Facility.

The proposal approved yesterday, and which will cost US$660 billion by 2020 if fully implemented, is aimed at establishing and developing a complete TEN-T, consisting of infrastructure for roads, railways, inland waterways, shipping ports and airports. It also defined a comprehensive network and a core network, as well the timing for completion and maps of the different axes.

What transport ministers agreed on yesterday, and which they say is a fundamental change of policy, was a broad plan for funding of core transport network of projects with a 2030 deadline. The specifics of this map – which includes 10 major transport corridors, upgrading some 15,000km of railways to high speed services, some 35 projects to reduce cross-border choke points, and upgrading nearly 40 airports - will be further debated by the European Parliament and member governments this year, when final project selection and funding amounts will be decided. A proposal for a comprehensive map defining longer term projects that must be completed by 2050 in order to qualify for funding, was changed to 2050 being only a target date.

Funding for the plan will come from a range of sources - the EU Commission, member states, the 4270 European Investment Bank, as well as an element of private funding. Unsurprisingly, the map has been contentious with member states vying for projects that will benefit them and asking for extensions to the 2030 deadline by which core transport network projects must be completed to qualify for funding.

Within hours of the approval, two MEPs issued a joint press statement saying EU member states lack ambition for completing a truly European transport network. Parliament's co-rapporteurs Ismail Ertug (Germany) and Georgios Koumoutsakos (Greece) welcomed the general approach on the TEN-T Guidelines agreed upon by the Transport Minister's Council as a "first step". But they said a lot of work remains to be done to ensure that member states stick to their financial commitments and improve connections in the inner market, including remote regions.

"The position adopted today won't allow decisive progress on cross-border sections and will slow down the completion of the European Transport Area as a whole," said Ertug, referring to the new exception clauses added if member states cannot meet the deadlines. Transport ministers "watered down" the Commission's proposal on TEN-T guidelines, he believes.

"The agreement per se is a positive step forward, but this is not the end of the road - it's only the beginning of the legislative process," added Co-rapporteur Koumoutsakos.

For more information on companies in this article

Related Content

  • EU electronic toll service has fallen behind schedule
    September 10, 2012
    According to a recent report by the European Commission, EU member states are far behind schedule in implementation of the European Electronic Toll Service (EETS). It is already clear that the target date of 8 October 2012 for heavy duty vehicles will not be met. The system is designed to enable road users to pay tolls throughout the EU with one subscription contract, one service provider and one on-board unit. The aim is to eliminate cumbersome procedures for cross-border users. The legislation requires me
  • TISPOL welcomes EC measures to reduce road deaths
    May 23, 2018
    TISPOL has welcomed a package of measures announced by the European Commission (EC) to help reduce the 25,000 deaths that occur on EU roads annually. Ruth Purdie, general secretary of TISPOL, says: “Today’s announcements could represent the biggest step forward in road safety in Europe since the introduction of the seat belt." Antonio Avenoso of the European Transport Safety Council said the EC’s announcements require backing from EU member states and the European Parliament. They should not give in to
  • Study in Finland shows infrastructure is a good investment
    March 28, 2012
    VTT Technical Research Centre of Finland, the University of Oulu and Aalto University in Finland have analysed the financial statements for 2002-2009 of companies, public utilities, and municipal units that own infrastructure, including water services, as well as road, port, airport, railway and electricity networks. Owning infrastructure is relatively risk-free. The most profitable is the energy sector where the return on investment was about 13%. The average annual return on investment of ports was 10%. T
  • European transport investment plan approved
    July 30, 2015
    EU national representatives have endorsed a proposal to fund hundreds of transport projects worth US$14 billion, reports the European Commission. The Connecting Europe Facility (CEF) coordination committee, which is made up of representatives of the 28 Member States, approved the funding for 276 projects which the Commission proposed on 29 June. EU Commissioner for Transport Violeta Bulc said "I am very pleased that following constructive discussions in the CEF coordination committee, the Member Stat