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

  • Australian ITS summit focus on safety, congestion, sustainability
    July 24, 2012
    From 18-20 November 2009, the Australian Intelligent Transport Systems Summit will be held in Melbourne. Tim Pallas, Victorian Minister for Roads and Ports sets the scene and explains its objectives. Co-hosted by the Victorian Government and ITS Australia, the Australian Intelligent Transport Systems Summit (ITS 09), being held at the Melbourne Convention & Exhibition Centre, is expected to attract in excess of 300 delegates with presentations and workshops providing a comprehensive update of ITS technologi
    Read More
  • Europe’s public transport ITS market expected to exceed US$1.9 billion by 2017
    November 18, 2013
    According to new research from the analyst firm Berg Insight, the market value for public transport intelligent transport systems (ITS) in Europe was US$1.3 billion in 2012. Growing at a compound annual growth rate of nine per cent, the market is expected to reach US$1.9 billion by 2017. Berg Insight suggests that the European market for ITS for public transport is in a growth phase which will continue throughout the forecasted period. The fluctuating economic climate has in most countries had little eff
    Read More
  • New US fuel efficiency standards would cost over US$65 billion in lost revenue
    April 17, 2012
    Friday’s proposal by the Obama Administration to increase fuel efficiency standards for cars and light trucks to an average 54.5 miles per gallon (4.32 litres/100 km) between 2017 and 2025 would result in the loss of more than $65 billion in federal funding for state and local highway, bridge and transit improvements, an analysis by the American Road & Transportation Builders Association (ARTBA) shows.
    Read More
  • Demand management schemes, is there a better way?
    January 31, 2012
    The European Commission is placing too much emphasis on the use of demand management, according to the FIA. Here, Wil Botman, Director-General of the FIA's European Bureau, explains why. Towards the end of last year, the European Bureau of the Fédération Internationale de l'Automobile (FIA) released a statement which criticised the European Commission's (EC's) approach to urban traffic congestion following the adoption of the Action Plan on Urban Mobility. In particular, the FIA voiced concerns over what it
    Read More

Highlighted Content