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.
Urban Traffic Control

For more information on companies in this article

Related Content

  • European Commission aids deployment of eCall
    December 4, 2012
    The European Commission has adopted a measure to ensure that by 2015 vehicles can call emergency services in the event of a crash. The Commission wants the life-saving eCall system to be fitted to all new models of cars and light vehicles from 2015. eCall automatically dials Europe's single emergency number 112 in the event of a serious accident and communicates the vehicle's location to the emergency services. According to some estimates, eCall could speed emergency response times by 40per cent in urban ar
    Read More
  • Ford to build its first transmission plant in China
    April 23, 2012
    Ford, together with its partners in China, is building its first transmission plant there to support its aggressive growth plan in the world's largest auto market. Ford's passenger vehicle joint venture in China, Changan Ford Mazda Automobile (CFMA) has signed a Memorandum of Understanding for the transmission plant project with the Chongqing Municipal Government. The plant, with an initial investment of US$350 million to be entirely funded by CFMA, will produce advanced fuel-efficient six-speed automati
    Read More
  • Thales builds on Canadian connection for transit R&D
    June 20, 2016
    The Canadian province of Ontario is continuing to benefit from its ongoing investment in transit R&D. David Crawford looks at the impact of new investment. Developing the next generation of urban rail signalling solutions worldwide, with the emphasis on transit security and efficiency, is the goal of a recently-created business partnership between the government of the Canadian province of Ontario and Thales Canada. The wholly-owned subsidiary of the France-HQ'd global defence, aerospace and transportation
    Read More
  • EU rules extend the ‘long arm of the law’
    November 27, 2013
    New EU legislation allows authorities to collect fines from errant foreign motorists even after they have returned to their own country. New European Union legislation means drivers in many Member States can be prosecuted for breaking traffic laws when driving outside their home country. While not all the Member States will not be signing up to Directive 2011/82/EU facilitating the cross-border exchange of information on road safety related traffic offences, for those that do the deadline date to impleme
    Read More

Highlighted Content