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

  • Use of US public transport increases
    December 19, 2014
    More than 2.7 billion trips were taken on US public transportation in the third quarter of 2014, according to a report released today by the American Public Transportation Association (APTA). This is a 1.8 per cent increase over the same quarter last year, representing an increase of more than 48 million trips and the highest third quarter ridership since 1974 (the oldest third quarter APTA has available for comparison). Some public transit systems that reported record third quarter ridership for their
    Read More
  • Kapsch and OMV to launch Europe-wide tolling solution for trucks
    October 25, 2018
    Kapsch TrafficCom and oil and gas company OMV will deploy a Europe-wide cashless tolling solution for trucks. The OMV Smart Europe will be available in Austria and Hungary from November. The toll box, designed by Kapsch, is expected to extend the OMV card’s capabilities by allowing users to pay for tolls without having to deal with local toll systems or different toll boxes. Benedikt Hans, head of card at OMV, says the solution will aid the European Commission’s ambition to harmonise toll systems in
    Read More
  • Innovative traffic information system
    January 31, 2012
    From the roadside James Foster compiles some eye-catching news, deployments and product picks from the work zone
    Read More
  • Rwanda's mobility plan in seven junctions
    June 16, 2025
    ITS improvements at just seven intersections could be the key to improving transportation in Rwanda’s capital, Kigali: Shem Oirere reports from East Africa
    Read More

Highlighted Content