The European Commission proposes €2.7 billion for transport projects
The European Commission is proposing to invest €2.7 billion in 152 transport projects. Selected projects will contribute to modernising railways, removing bottlenecks and improving cross-border connections, installing alternative fuel supply points, as well as implementing innovative traffic management solutions. This investment comes from the Connecting Europe Facility, the EU’s financial mechanism supporting infrastructure networks. It will unlock €4.7 billion of public and private co-financing.
Selected projects are mostly focused on the strategic sections of Europe’s transport network (the “core network”) to ensure the maximum possible added value and impact. The largest part of the funding will be devoted to developing the European rail network (€1.8 billion).
Selected actions include initiatives such as the upgrade of the Białystok-Ełk rail section in Poland – over 100 km long – the full expansion of the Karawanken road tunnel linking Slovenia and Austria and the development of a high-speed electric vehicle charging network across Sweden, Denmark, Germany, France, the United Kingdom and Italy.
EU Member States must now formally approve the proposed funding decision at their meeting on 6 July 2017.
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Summer break – we’ll be back in September
The FIEC Secretariat will maintain its service to all members and other contacts throughout the summer, albeit with a reduced staff owing to the holiday period. This is our last newsletter before the long break and all of us here in Brussels would like to wish all our readers a relaxing summer. Our next newsletter will be published on 5 September. In the meantime, if you need our help, please do not hesitate to contact us. We look forward to bringing you more news and interesting information in a few weeks.
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