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 15, 2013
    ECTRI speaker ‘anticipates US$111 billion of EU transport research funding’
    In a special event attended by more than 100 high level representatives of all sectors of European transport, the European Conference of Transport Research Institutes (ECTRI), recently celebrated its 10th Anniversary Brussels, Belgium. Among the speakers who stressed the importance of ECTRI’s role in European transport research was ECTRI President, Professor George A. Giannopoulos, director of the Hellenic Institute of Transport. He discussed ECTRI’s achievements over the past ten years, in particular: t
    Read More
  • January 20, 2022
    FHWA formula aims to bridge funding gap
    IBTTA welcomes FHWA's $26.5bn for bridges - and announces its executive officers for 2022
    Read More
  • September 29, 2021
    UTA One moves into Pole position 
    Poland's e-Toll system has been integrated into UTA's OBU, allowing electronic settlement
    Read More
  • May 11, 2015
    USDOT Connected Vehicle Reference Implementation Architecture workshop
    The US Department of Transportation (USDOT) is hosting the fourth in a series of interactive workshops to discuss and seek feedback on its Connected Vehicle Reference Implementation Architecture (CVRIA) efforts. The 3-day training workshop is designed to bring together state and local government stakeholders who are planning connected vehicle deployments, device manufacturers who need to know the overall scope of the architecture, researchers and academics, and standards developers. The workshop will be
    Read More

Highlighted Content