Connect with us

EU

#ConnectingEurope - Commission is proposing to invest €421 million for safer, smarter and greener transport infrastructure

SHARE:

Published

7 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Commission is proposing to invest €421 million in 69 key projects that will improve mobility for citizens and businesses alike. The projects selected aim at promoting digitalization, making roads safer, and fostering multimodal connections in line with the ‘Europe on the Move' initiatives.

This action to finance and modernize the EU's transport infrastructure follows calls by the EU's Innovation and Networks Executive Agency (INEA) and the projects will be supported via the Connecting Europe Facility (CEF), the EU's financial mechanism supporting transport infrastructure.

Transport Commissioner Violeta Bulc said: “We are delivering on the EU's connectivity objectives. These projects, on strategic sections of Europe's transport network, will help the transition towards safe, smart, inclusive and sustainable mobility. We expect our funding to trigger €1.3 billion in total investment in the EU economy.”

The largest part of the funding will be devoted to supporting multimodal logistics platforms (€109 million), which make it possible to shift freight between different transport modes. Intelligent Transport Systems for road (ITS) (€80.2m) and innovation and new technologies (€71.4m) closely follow, further demonstrating the EU's dedication to reducing congestion and emissions whilst at the same time increasing safety. In total, CEF has so far supported 688 projects, with a total of €22.9bn.

A full press release is here including factsheets on every member state and a MEMO on the Connecting Europe Facility (CEF) for transport.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending