EU backs transport renewal funding to 2027

MEPs have backed a funding programme which will include money for the digitalisation of transport and the development of 5G systems. The European Union policymakers have voted to support the Connecting Europe Facility (CEF) programme for 2021-2027 in a meeting between European Parliament industry and transport committees. The provisional agreement sets the framework for continuing the CEF programme to fund transport, digital and energy projects over the seven-year period. The budgetary provisions for the
March 29, 2019 Read time: 2 mins

MEPs have backed a funding programme which will include money for the digitalisation of transport and the development of 5G systems.

The 1816 European Union policymakers have voted to support the Connecting Europe Facility (CEF) programme for 2021-2027 in a meeting between European Parliament industry and transport committees.

The provisional agreement sets the framework for continuing the CEF programme to fund transport, digital and energy projects over the seven-year period. The budgetary provisions for the programme will be discussed as part of negotiations on the next multiannual financial framework.

CEF will fund projects for modernisation of transport infrastructure, cross-border projects and those aiming to make infrastructure compatible for civilian and military needs. The programme is also seeking to improve the interoperability of energy networks and ensure that projects are funded in line with EU and national climate and energy plans.

Marian-Jean Marinescu, European People's Party, says: “I hope that the next Parliament will support the increase of the transport section budget which will allow to complete the core network corridors.”

The provisional agreement will now need to be approved by the full house of the Parliament and the European Council.

UTC

Related Content

  • October 30, 2017
    FIEC joins coalition: more EU budget for transport
    The European Construction Industry Federation (FIEC) has joined a coalition of stakeholders to promote a stronger EU budget for transport after 2020. It believes that there are transport infrastructure projects that require a commitment from the EU and national public authorities which are vital for the EU’s competitiveness but do not generate the necessary return on investment to attract private investors.
    Read More
  • January 25, 2018
    Manchester seeks smart but not selective transport solutions
    Smarter transport relies on better communications both with travellers and between transport providers. Andrew Williams reports. Inrix’s prediction that the cost of traffic congestion will rise by 63% to £21bn per year by 2030 clearly illustrates that, in addition to the ongoing inconvenience and inefficiency, ongoing gridlock is a significant drain on the economy. It is against this backdrop that a Cisco-led consortium has launched CitySpire, a smart transport programme that uses location-based services a
    Read More
  • April 23, 2015
    EU ‘should support e-commerce innovation and strategic transport investments’
    Unlocking e-commerce potential is central to the development of the new EU digital single market and digital economy stated the Alliance for European Logistics (AEL) during yesterday’s 7th European Logistics Summit. AEL believes the time has come to update the existing regulatory framework to fully exploit the potential of e-commerce and to stimulate investments and innovation across Europe. Transport infrastructure investments were also discussed as AEL urged European policy-makers to consider infras
    Read More
  • September 6, 2017
    Rating agency Standard and Poor Tolling sees a bright future for tolling
    Few disruptions appear on the horizon for global toll road operators, with the US poised to become a better bet for major investment, according to ratings agency Standard and Poor’s (S&P’s) Global Ratings’ 2017 report, which rates toll road operators according to their ability to raise capital. The outlook is generally stable for business conditions and credit quality for toll roads worldwide. One positive exception is the US where the overall outlook is ‘positive’ as S&P expects traffic growth to increase
    Read More

Highlighted Content