European transport investment plan approved

EU national representatives have endorsed a proposal to fund hundreds of transport projects worth US$14 billion, reports the European Commission. The Connecting Europe Facility (CEF) coordination committee, which is made up of representatives of the 28 Member States, approved the funding for 276 projects which the Commission proposed on 29 June. EU Commissioner for Transport Violeta Bulc said "I am very pleased that following constructive discussions in the CEF coordination committee, the Member Stat
July 30, 2015 Read time: 2 mins
EU national representatives have endorsed a proposal to fund hundreds of transport projects worth US$14 billion, reports the 1690 European Commission.

The Connecting Europe Facility (CEF) coordination committee, which is made up of representatives of the 28 Member States, approved the funding for 276 projects which the Commission proposed on 29 June.

EU Commissioner for Transport Violeta Bulc said "I am very pleased that following constructive discussions in the CEF coordination committee, the Member States endorsed our proposal for the largest investment plan ever made by the EU in the transport area. The 276 projects we selected will contribute to the creation of jobs and will boost growth and competitiveness in Europe. I am also delighted to see that many will implement horizontal priorities such as the digitalisation of transport or the market uptake of alternative fuels."

By the end of July 2015, the Commission will formally adopt the funding decision. Individual project grant agreements will be prepared by INEA and signed with the project beneficiaries thereafter. Funds will start being disbursed as of the last quarter of 2015.
UTC

Related Content

  • March 12, 2012
    Vendor's eye view of US economic stimulus programme
    Pete Goldin explores the impact of the US economic stimulus programme on the ITS industry from the ITS vendor perspective
    Read More
  • October 5, 2015
    Driverless cars ‘a reality on roads’ within 15 years
    Driverless cars will be commonplace within five years in controlled environments – and on our roads in 15 years. That was the prediction of EC commissioner for mobility and transport Violeta Bulc as the 22nd ITS World Congress opened yesterday in Bordeaux.
    Read More
  • August 2, 2012
    US transportation policy needs to restart to sort shortcomings
    Joshua Schank has no illusions when it comes to what he and the Bipartisan Policy Center are suggesting in Performance Driven: New Vision for US Transportation Policy. Released in June of this year, this major report (see Sidebar, 'The Shift in Thinking') advocates no less than a root-and-branch overhaul of the way in which the US transportation system is run - how money is allocated and how the beneficiaries of that funding are selected. As its name suggests, Schank and his colleagues are urging senior US
    Read More
  • December 4, 2012
    Europe calls for guidance on evaluating ITS projects
    A European Commission study report has revealed a lack of consistency or standard practice for evaluating the funding needs and fiscal performance of ITS projects. New guidelines are urgently needed for monitoring public funding of ITS schemes, says a recent report from the European Commission (EC). A specially-commissioned study has found no readily available comparative analysis of transport funding schemes and ITS investment methodologies to support project decision making. A survey of nine EU member sta
    Read More

Highlighted Content