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

Related Content

  • July 7, 2016
    EU steps up efforts to tackle cyber threats
    The Commission has launched a new public-private partnership with the non-profit European Cyber Security Organisation (ECSO) on cyber-security that is expected to trigger US$2 billion (€1.8 billion) of investment by 2020. This is part of a series of new initiatives to better equip Europe against cyber-attacks and to strengthen the competitiveness of its cyber-security sector. The EU plans to invest US$500 million (€450 million) under its research and innovation (R&I) programme Horizon 2020, with the rema
    Read More
  • September 22, 2014
    ASECAP examines tolling during downturns
    ASECAP debated the impact of the financial crises on Europe’s tolling companies and considered the future in diverse economies. Colin Sowman picks some of the highlights. This year ASECAP (Association Europeenne des Concessionnaires d’Autoroutes et d’Ouvrages a’ Peage, with members in 21 countries managing 46,000km of roadway) held its annual Study & Information Days in Athens, Greece – one of the country hardest hit by recent economic problems. While the theme of the conference, Ensuring Sustainability in
    Read More
  • November 15, 2022
    Asecap: get ready to rethink everything you know
    How can we make our infrastructure ready for new sustainability challenges? What kind of investments are needed? And who will finance them? Tolling association Asecap has some thoughts. Geoff Hadwick reports from Lisbon
    Read More
  • July 22, 2013
    First EU-US Interoperability Centre opens
    The first of the twin centres designed to promote common standards in electric mobility and smart grids on both sides of the Atlantic has been inaugurated at the US Department of Energy’s (DOE) Argonne National Laboratory near Chicago. The second Centre will be opened in the EU, at the JRC sites in Petten, The Netherlands and Ispra, Italy, in 2014. The launch follows eighteen months of dedicated work following the letter of intent for closer co-operation, signed by the JRC, the European Commission's in-hous
    Read More

Highlighted Content