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Sun June 13 2021

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EU allocates €6.7bn for transport infrastructure

20 Jun 16 The European Commission has announced an injection of €6.7bn (£5.3bn) into transport infrastructure.

It has unveiled a list of 195 transport projects that will receive funding under the Connecting Europe Facility (CEF). The investment is expected to unlock additional public and private co-financing for a combined amount of €9.6bn.

Selected projects are primarily located on the core trans-European transport network (TEN-T). Among the beneficiaries are the rehabilitation of the Brasov Sighisoara section of railway in Romania, the Aveiro Vilar Formoso railway in Portugal and the modernisation of railway line E30 (the Zabrze – Katowice – Krakow section) in Poland.

Vice-president Jyrki Katainen, responsible for jobs, growth, investment and competitiveness, said: "I am happy that the Commission is making yet another major contribution to investment in the transport sector which will lead to more jobs and generate economic growth in Europe. I would also like to use this opportunity to encourage all potential project promoters to explore investment possibilities under the Investment Plan for Europe, and in particular the newly launched European Investment Project Portal (EIPP), which gives worldwide visibility to transport project."

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