EU to fund large-scale transport infrastructure

The European Commission is taking further action to stimulate investment in Europe by launching the second call for proposals of the Connecting Europe Facility (CEF) with more than US$8.2 billion to finance key transport projects. US$7 billion is earmarked for projects in member states eligible for the EU Cohesion Fund, in order to better integrate these countries into the internal market. Along with the Investment Plan presented by the Commission in November 2014, and in particular the new European Fund
November 6, 2015 Read time: 2 mins
The European Commission is taking further action to stimulate investment in Europe by launching the second call for proposals of the Connecting Europe Facility (CEF) with more than US$8.2 billion to finance key transport projects. US$7 billion is earmarked for projects in member states eligible for the EU Cohesion Fund, in order to better integrate these countries into the internal market.

Along with the Investment Plan presented by the Commission in November 2014, and in particular the new European Fund for Strategic Investments (EFSI), the CEF aims at bridging the investment gap in Europe to kick-start growth and job creations, a priority of President Jean-Claude Juncker.

Vice-President Jyrki Katainen, responsible for jobs, growth, investment and competitiveness, said: "An optimal use of the Connecting Europe Facility instruments is an integral part of the Commission's Investment Plan. Transport infrastructure is in dire need of investment and today's announcement of more than US$8.2 billion to finance key transport projects is excellent news."   

EU Commissioner for transport Violeta Bulc added, "Efficient, intelligent and sustainable transportation is essential to Europe's competitiveness. With this new CEF call, we are not only looking for waterway or rail projects; we are aiming at creating jobs and boosting growth."
Urban Traffic Control

Related Content

  • June 14, 2013
    eCall mandatory in cars from 2015
    The European Commission has adopted two proposals to ensure that, from October 2015, all new models of passenger cars and light duty vehicles will have to be fitted with 112 eCall, enabling them to automatically call emergency services in case of a serious crash. eCall is activated automatically as soon as in-vehicle sensors detect a serious crash. Once set off, the system dials the European emergency number 112, establishes a telephone link to the appropriate emergency call centre and sends details of the
    Read More
  • November 17, 2016
    Indra leads European autonomous driving project
    Spain-based consulting and technology company Indra is leading a project that will test autonomous driving on European roads, mainly in the metropolitan areas of Lisbon, Madrid and Paris. These are the three largest cities in the Atlantic Core Network Corridor, which comprises roads that are regarded as priorities for developing Europe's transport infrastructure. Spain's Traffic Department, the Polytechnic University of Madrid, Portugal's National Road Safety Authority, the University of Coimbra, the Ped
    Read More
  • March 24, 2015
    Taking the long view of ITS
    Caroline Visser believes the ITS industry must present a coherent case for consideration of the technology to become part of transport policy and planning. As ITS advisor and road finance director for the International Road Federation (IRF) in Geneva, Caroline Visser is well placed to evaluate quantifying the benefits of ITS implementation – a topic about which there is little agreement and even less consistency. She is pressing to get some consistency in the evaluation of ITS deployments through the use of
    Read More
  • October 13, 2015
    Politicisation of US transportation funding
    Andrew Bardin Williams looks at how a political stalemate and a series of short-term fixes is undermining America’s highway funding and curtailing long-term planning. It was a week before the deadline to renew funding for the Highway Trust Fund, and the clock was ticking.
    Read More

Highlighted Content