Spanish government provides €7.6 billion for direct investments in mobility

Sánchez told EFE Tuesday (7 June) about the plan, adding that the transformation process is being accelerated by the continuous rise in fuel prices, which are now at a record high, EURACTIV’s partner EFE reported. [EPA-EFE/JUAN CARLOS HIDALGO]

The Spanish government has ermarked over €7.6 billion from its post-pandemic recovery plan to boost direct investments in transport and mobility, a sector transforming as it faces the challenge of sustainability, according to Transport, Mobility and Urban Agenda Minister Raquel Sánchez.

Sánchez told EFE Tuesday (7 June) about the plan, adding that the transformation process is being accelerated by the continuous rise in fuel prices, which are now at a record high, EURACTIV’s partner EFE reported.

Eleven billion euros of the €16 billion received by her ministry from Next Generation Funds made available by the EU to accelerate the recovery after the COVID-19 pandemic are to be used to develop infrastructure that facilitates safe mobility, she said.

The ministry has already mobilised €7.6 billion for direct investments in transport and mobility, has allocated more than €2.5 billion, and has another €4 billion in the tender process.

One objective of the transformation process is for transport and logistics to go from currently representing 10% of GDP to 15%.

Sánchez also spoke about the Global Mobility Call (GMC), a congress focused on sustainable mobility which is to be held in Madrid next week.

“The government is determined to support all the ideas from this important international event” which will showcase Spain as an attractive country for international investment in the face of the global challenge of achieving a “more resilient, safer and more modern” mobility, she stressed.

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