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."

UTC

Related Content

  • October 30, 2012
    ‘Need for sustainable transportation infrastructure drives the ITS market’
    According to a new report by Global Industry Analysts (GIA), the global Intelligent Transportation Systems market is projected to reach US$22.7 billion by the year 2018, driven primarily by the need to enhance road safety by efficiently managing traffic, enforcing speed limits and easing traffic congestion. Rising demand from developing nations to incorporate ITS solutions also bodes well for the future of the market. The report provides a comprehensive review of trends, product developments, mergers, acqu
    Read More
  • September 16, 2015
    EU Commissioner Violeta Bulc launches European Mobility Week
    European Commissioner for Transport Violeta Bulc will today inaugurate a series of sustainable transport activities at the launch of European Mobility Week, which takes place from 16 to 22 September at the European Parliament. Speaking ahead of the launch event, Bulc said: “European Mobility Week is a reminder that each and every one of us can make a difference. If we choose to walk or cycle more, to favour collective or public transport or to combine these sustainable modes, Europe as a whole can reap c
    Read More
  • October 25, 2013
    EU strategic implementation plan to invest in smart cities
    The European Commission (EU) is expected to invest around US$276 million to create smart cities in the next two years. The High Level Group of the European Innovation Partnership (EIP) for Smart Cities and Communities has agreed the Strategic Implementation Plan (SIP) which will serve as the basis for speeding up the deployment of Smart City solutions in Europe. The SIP is drafted by and based on a thorough consultation of representatives from industry, cities, civil society and research including UITP.
    Read More
  • February 3, 2017
    EU member states call for action on low paid truck drivers
    Transport ministers from eight EU countries and Norway met in Paris have called for the introduction of fairer social rules to govern road transport before the sector is opened up to greater liberalisation, according to EurActiv France. France, Germany, Italy, Denmark, Austria, Luxembourg, Belgium, Sweden and Norway met this week to adopt a joint declaration calling for the creation of a common market for transport, in order to safeguard workers’ rights, in particular Eastern Europe drivers who deliver g
    Read More

Highlighted Content