Malta Shortsea Promotion Centre
                 
                 
 Home    Sitemap    Contact  
 
 
 
 17/08/2017 - Service operated by three of the world’s largest shipping lines   M... ...
 
[Read More]
 
 17/08/2017 - The new National Import System (NIS) will start operations on Monday the 31st of... ...
 
[Read More]
 
View All News
 
Home Mission Services Statistics Members Contact Us
 

News & Events

   
   

Investments in EU Transport: Commission proposes €2.7 billion for 152 projects

Date: 17/07/2017

The European Commission is proposing to invest €2.7 billion in 152 key transport projects that support competitive, clean and connected mobility in Europe. In doing so, the Commission is firmly 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 €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. This year, out of the total €2.7 billion, the Commission is allocating €1.8 billion for the 15 Member States eligible for support from the Cohesion Fund (For the 2014-2020 period, Cohesion Fund support concerns Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia) in order to further bridge infrastructure disparities.

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."

Selected projects are mostly concentrated on the strategic sections of Europe's transport network (the "core 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 (€1.8 billion), decarbonising and upgrading road transport and developing Intelligent Transport Systems (€359.2 million) and deploying Air Traffic Management (ATM) systems (€311.3 million).

Selected 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.

All projects were selected for funding via competitive calls for proposals launched on 13 October 2016. 349 applications accounting for a total of nearly €7.5 billion of requested co-funding were received.

This allowed the Commission to select the best projects, while guaranteeing a balanced distribution geographically and between transport modes. The EU's financial contribution is made in the form of grants, with a co-financing rate between 10% and 50% of the project's eligible costs, depending on its type and the call (up to 85% under the Cohesion envelope).

 

Source: DG Move

 
   Copyright 2017 | Malta ShortSea Promotion Centre | Web development