EU grants of almost US$2.2 billion for key TEN-T projects

The European Commission has selected a total of 172 projects that will benefit from almost US$2.2 billion in EU co-financing from the trans-European transport network (TEN-T) programme for improving transport infrastructure across Europe. Eighty-nine projects selected from the 2012 multi-annual call and 83 from the 2012 annual call will use this financial support to help realise TEN-T network development – ranging from preliminary studies for new projects to top-up grants aimed to aid on-going constructi
October 17, 2013 Read time: 1 min
The 1690 European Commission has selected a total of 172 projects that will benefit from almost US$2.2 billion in EU co-financing from the trans-European transport network (TEN-T) programme for improving transport infrastructure across Europe.

Eighty-nine projects selected from the 2012 multi-annual call and 83 from the 2012 annual call will use this financial support to help realise TEN-T network development – ranging from preliminary studies for new projects to top-up grants aimed to aid on-going construction initiatives, in all transport modes.

Commission Vice-President Siim Kallas, responsible for transport, said: "Trans-European networks in transport are some of the best examples of the value the EU can bring to its member states. A well-functioning network is essential to the smooth operation of the single market and will boost competitiveness. These projects will also assist Europe in moving to a more sustainable future and allow the same market access to all our regions."
Urban Traffic Control

For more information on companies in this article

Related Content

  • EC promotes ''against lock-in'' approach on ITS standards
    August 2, 2013
    According to the European Commission (EC), open standards for intelligent transportation systems (ITS) would save the public sector €1 billion a year US$1.5 billion a year, citing Urban Traffic Management and Control (UTMC) as one of the standards being developed in the transport domain. Launched in 1997, the UTMC programme was the UK Department for Transport (DfT) main initiative for the development of a more open approach to ITS in urban areas. UTMC systems are designed to allow the different application
    Read More
  • Congestion pricing: the time to act is now
    August 20, 2024
    New York may have thrown a curveball on congestion pricing, but it is a proven global strategy for traffic management which cities should adopt, argues Wes Guckert of The Traffic Group
    Read More
  • Carbon finance delivers critical support to mass transit schemes
    February 2, 2012
    David Crawford investigates carbon finance in transport. World Bank carbon finance grants are delivering critical support to major mass transit deployments in emerging and developing economies. Only recently operative in the transport sector, the Clean Development Mechanism (CDM, see panel) is designed to generate additional income streams and improve internal rates of return on projects funded from public- and private-sector sources.
    Read More
  • When caring about sharing is good business for US automakers
    October 28, 2015
    Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field
    Read More

Highlighted Content