Commission to approve €2.7 billion funding for transport projects

Cars are loaded on a train in the UK for export to mainland Europe. [BasPhoto/Shutterstock]

The Commission proposed on Friday (23 June) to invest €2.7 billion in 152 transport projects ranging from a railway network upgrade in Poland to a road tunnel linking Slovenia and Austria.

“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),” the Commission said.

The projects were selected at a tender launched in October 2016, with 15 member state eligible for funding.

The projects include the upgrade of the Białystok-Ełk rail section in Poland, the development of a high-speed electric vehicle charging network in Sweden, Denmark, Germany, France, the United Kingdom and Italy and the deployment of air traffic management systems.

“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,” Transport Commissioner Violeta Bulc said.

The Commission is expected to formally approve the funding decision at the end of July.

European infrastructure needs more than public funding

Europe’s leaders are stuck on the horns of a huge dilemma: how to invest more in critical infrastructure without burdening taxpayers further. Private capital is ready to invest in transport, energy, telecoms and healthcare, but existing barriers are holding it back, writes Michael Collins.

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