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

  • EIB backing for London transport
    September 15, 2015
    The European Investment Bank (EIB) has agreed to provide US$1.5 billion for investment in the London transport network. The 35 year loan from Europe’s long-term lending institution will support major projects, including significant upgrades by Transport for London (TfL) at Victoria and Bank Tube stations, which will transform passenger access at two of the busiest stations in the capital. The new support was announced by Jonathan Taylor, vice president of the European Investment Bank and Steve Allen, ma
    Read More
  • Rural roads ‘critical to moving people and goods’
    June 25, 2015
    In his opening statement at the US Subcommittee on Highways and Transit Hearing on Meeting the Transportation Needs of Rural America, chairman Sam Graves said that even today, 71 per cent of all lane-miles of public roads and 73 per cent of all of the nation's bridges are located in rural areas. In his home state of Missouri, the role of rural roads is even more pronounced: 82 per cent of the public roads and 81 per cent of bridges are in rural areas, and these roads carry over 40 per cent of all travel in
    Read More
  • Chile needs major smart city investment
    September 5, 2014
    Chile needs to invest US$30 billion in telecom infrastructure over the next ten years to boost its potential to develop smart cities, according to Pelayo Covarrubias, board president of digital development organisation País Digital. During a seminar on smart cities, Covarrubias said Chile had invested US$15 billion in telecom infrastructure in the last decade. The estimated investment for the next decade is the minimum Chile would need to spend just to be able to keep up with other high-ranking digital citi
    Read More
  • Travel restrictions cause ITS professionals' knowledge gap
    February 2, 2012
    Andrew Barriball once again campaigns for senior USDOT officials to see sense and lift some of the restrictions on out-of-state travel for transportation professionals. The ability to attend conferences and exhibitions is not a luxury, he says; it is a valid and cost-effective way of advancing the state of the traffic management art
    Read More

Highlighted Content