Construction News

Tue October 19 2021

Related Information

Europe releases €1.3bn for infra projects

30 Nov 12 The European Commission has launched two calls for proposals under the 2012 Trans-European Transport Network (TEN-T) programmes, making €1.265bn (£1.02bn) available to finance transport infrastructure projects.

The schemes will encompass all transport modes – air, rail, road, and maritime/inland waterways – plus logistics and intelligent transport systems, and will cover all EU member states.

Commission vice president Siim Kallas, responsible for transport, said:  "In making this considerable amount of funding available, the Commission aims for a competitive relaunch of the European economy, to sustain and support growth. By directing this money to TEN-T infrastructure, we are also continuing to help the realisation of the entire TEN-T network – bringing a tangible benefit to all European businesses and citizens who will reap the rewards of a more efficient, sustainable and effective European transport system."

The TEN-T multi-annual programme traditionally finances the highest priorities of the TEN-T network. This year's multi-annual call focuses on six fields with €1.015bn of total indicative budget available. It includes the 30 TEN-T priority projects with an indicative budget €725m, €100m for European rail traffic management systems and €80m for the ‘motorways of the sea’ providing alternatives for congested roads by shifting freight to sea routes.

An annual programme complements the multi-annual programme and directs funding to four distinct priorities with a total indicative budget of €250m. These include acceleration and facilitation of the implementation of TEN-T projects, measures to promote innovation and new technologies for transport infrastructure and support for public-private partnerships.

Further information from http://tentea.ec.europa.eu/

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »