EU proposes to spend €2.7 billion for 152 transport projects

The European Commission is proposing to invest US$3 billion (€2.7 billion) in 152 key transport projects that support competitive, clean and connected mobility in Europe.
June 29, 2017 Read time: 2 mins

The 1690 European Commission is proposing to invest US$3 billion (€2.7 billion) in 152 key transport projects that support competitive, clean and connected mobility in Europe. In doing so, the Commission is delivering on its Investment Plan for Europe and on Europe's connectivity, including the recent Europe on the Move agenda.

Selected projects will contribute to modernising rail lines, removing bottlenecks and improving cross-border connections, installing alternative fuel supply points, as well as implementing innovative traffic management solutions. This investment is made under the Connecting Europe Facility, the EU's financial mechanism supporting infrastructure networks, and will unlock US$5.3 billion (€4.7 billion) of public and private co-financing. Such investment will not only modernise Europe's transport network but also stimulate the economic activity and spur job creation.

Selected projects are mostly concentrated on the strategic sections of Europe's core transport network to ensure the highest EU added-value and impact. The largest part of the funding will be devoted to developing the European rail network, decarbonising and upgrading road transport and developing intelligent transport systems and deploying air traffic management systems.

Actions include flagship initiatives such as the upgrade of the over 100 km-long Białystok-Ełk rail section in Poland; modernisation of ATM systems in EU Member States; full expansion of the Karawanken road tunnel linking Slovenia and Austria; development of a high-speed electric vehicle charging network across Sweden, Denmark, Germany, France, the United Kingdom and Italy.

EU Commissioner for Transport Violeta Bulc said: "The demand for investment in transport infrastructure is huge. This new wave of investment focuses on clean, innovative and digital projects to modernise Europe's transport network. Today we are one step closer to a true Transport Union, serving the needs of citizens, stimulating the economy and creating jobs. Looking ahead, I am inviting stakeholders to make best use of the remaining funds, using blending to maximise impact and leverage all possible resources."

Urban Traffic Control

For more information on companies in this article

Related Content

  • Growth in traffic volumes to drive European toll roads and airports in 2016, says report
    May 3, 2016
    In the wake of low inflation and competitive pressure constraining tariffs, Moody's Investors Service expects that European toll roads and airports will benefit from healthy growth in traffic volumes in 2016, albeit lower than in 2015. Traffic volume growth remains critical to the credit quality and financial performance of toll road operators and airports.
    Read More
  • HeERO - harmonising e-Call across Europe
    March 1, 2013
    The second stage of the EC’s HeERO project, which aims to address some of the issues surrounding the eCall system, has just got underway. Jason Barnes reports. As the European Commission (EC)’s Har­monised eCall European Pilot (HeERO) project progresses into its second stage, ‘HeERO 2’, significant progress has already been made in addressing the technological and institutional issues relating to the pan-European deployment of an eCall system based around the new ‘112’ universal emergency telephone number.
    Read More
  • Interoperable electronic payment systems begin testing
    January 31, 2012
    OmniAir's Tim McGuckin writes about progress with the Electronic Payment Services National Interoperability Specification, which aims to provide the US with payment capabilities at lane level using any ETC component protocol. The OmniAir Consortium was founded to advance US national deployment of open, effective and interoperable transportation technology systems. Through its member-defined programmes, companies and individuals join to work for open standards, interoperability, third-party certification and
    Read More
  • Europe’s satellite projects ‘late and over budget’
    February 3, 2016
    The French court of Auditors has found that the European satellite navigation programmes, Galileo and EGNOS (the European Geostationary Navigation Overlay Service), the European satellite navigation programmes, will cost the EU more than US$14 billion over the period 1994-2020, says Euractiv. The delayed projects were originally allocated a budget of US$5 billion, according to the auditors. Galileo will cost a total of US$11 billion. Half of this amount had already been spent by the end of 2013. The C
    Read More

Highlighted Content