European Commission approves funding for transport infrastructure

The European Union has unveiled a list of 195 transport projects that will receive US$7.4 billion (€6.7 billion) of funding under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of US$11 billion (€9.6 billion). The selected projects are primarily located on the core trans-European transport network (TEN-T). Among the beneficiaries are flagship initiatives such as the rehabilitation of the Brasov Sighisoara rail s
June 28, 2016 Read time: 2 mins
The European Union has unveiled a list of 195 transport projects that will receive US$7.4 billion (€6.7 billion) of funding under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of US$11 billion (€9.6 billion).

The selected projects are primarily located on the core trans-European transport network (TEN-T). Among the beneficiaries are flagship initiatives such as the rehabilitation of the Brasov Sighisoara rail section in Romania, the railway connection Aveiro Vilar Formoso in Portugal, the development of a standard gauge railway line in the Rail Baltic corridor, the implementation of the SESAR Deployment Programme and the modernisation of railway line E30 (the Zabrze – Katowice – Krakow section) in Poland.

Launched in November 2015, the second CEF calls for proposals  generated 406 eligible project proposals. With US$14 billion (€12.49 billion) of requested EU funding, the calls were widely oversubscribed. This allowed the Commission to select the projects with the highest European added value, while guaranteeing a balanced distribution geographically and between the transport modes.

The proposed funding decision must now be formally approved by the Connecting Europe Facility Coordination Committee, which will meet on 8 July 2016.
Urban Traffic Control

Related Content

  • Funding agreed for reconstruction of Fort Worth I-35W
    September 20, 2013
    A significant milestone in the redevelopment and expansion of Interstate 35W in Fort Worth, one of the most critical and most-congested corridors in the North Texas region and in the country has been achieved by NTE Mobility Partners Segments 3 LLC (NTEMP3). They have reached financial agreement on Segment 3A of the North Tarrant Express (NTE), paving the way for the reconstruction and expansion of the interstate. The project is being financed through a unique combination of public and private funds: US$
    Read More
  • Tri-nation cooperation on C-ITS Corridor
    June 20, 2016
    In the European C-ITS Corridor project, authorities from three countries are working with the automotive industry on the deployment of Cooperative (V2X) Systems. Cooperative Intelligent Transport Systems/Services (C-ITS) has the potential to improve road safety, transport efficiency and environmentally friendly mobility, as well as creating additional services and new business models. A set of international standards have been developed to provide the technical basis for the deployment of Cooperative ITS.
    Read More
  • Multilateral development banks join forces to ramp up climate action in transport
    December 4, 2015
    Eight multilateral development banks have issued a joint statement, committing to accelerate their efforts to mitigate transport emissions and recognizing the need for more action on the resilience of transport to climate change. The sector accounts for about 60 per cent of global oil consumption, 27 per cent of all energy use, and 23 per cent of world energy-related CO2 emissions. In their statement, the African Development Bank, Asian Development Bank, CAF-Development Bank of Latin America, European
    Read More
  • New report reveals growth in UK’s logistics ‘Golden Triangle’
    July 10, 2012
    A new report published today reveals growth in the UK’s logistics ‘Golden Triangle’ in Northamptonshire and outlines plans for continued development of the area which is one of the UK’s leading logistics and transport hubs. The report, which included interviews with 200 UK logistics and transport businesses, was commissioned by Northamptonshire Enterprise Partnership (NEP) to capture the current scale of the sector in the area, often referred to as the UK logistic industry’s ‘Golden Triangle’ due to the M1,
    Read More

Highlighted Content