Plans in hand for major European transport investment

The European Commission is allocating the first portion of funds dedicated to the EU transport network. This first tranche is worth some €12 billion. The funds will go towards innovation, inter-modality and inter-operability. CEF, the Connecting Europe Facility, will allocate €26 billion in the period from 2014 to 2020 for transport infrastructure.
April 8, 2014 Read time: 1 min
The 2465 European Commission is allocating the first portion of funds dedicated to the EU transport network. This first tranche is worth some €12 billion. The funds will go towards innovation, inter-modality and inter-operability. CEF, the Connecting Europe Facility, will allocate €26 billion in the period from 2014 to 2020 for transport infrastructure.
Finance & Funding

For more information on companies in this article

Related Content

  • Russian road and bridge deal
    April 17, 2019
    A new bypass and bridge project for Tolyatti will commence in Russia’s Samara region. The bridge will span the Volga River and the work is costing US$462.4 million. The funds will be allocated in three stages. The first tranche will be received in 2019, while the second and third will be transferred in 2020 and 2021 respectively. The 97km road project includes the 3.75km bridge link, with opening due in 2024.
    Read More
  • Mexico is benefiting from heavy transport investment
    October 30, 2013
    A major programme of investment looks set to add new road and highway links to Mexico’s network. The Ministry of Communications and Transport (SCT) has announced planned investments of some US$5.39 billion in several projects in the states of Chiapas, Guerrero, Michoacan and Oaxaca. The 70 projects include 32 road and 14 motorway projects, as well as the expansion of six ports. In addition, the new Las Armas distribution road that will connect the State of Mexico and Mexico city has been inaugurated. The fi
    Read More
  • On the road to the IRF Istanbul Congress, first stop: decarbonisation
    May 30, 2024

    As the world gears up for the highly anticipated IRF World Congress 2024 to be hosted in Istanbul on 15-18 October 2024, work on some of the core themes of the Congress is moving on steadily.

    Under the overarching theme of “Connecting to Empower Mobility: Roads as Enablers of a Sustainable Future for All”, the Congress serves as a dynamic platform to explore innovative solutions and collaborative efforts.

    Read More
  • Australia’s transport development a priority in New South Wales and Western Australia
    December 2, 2019
    In Australia, the states of New South Wales and Western Australia are both setting transport development as a priority. Both states are planning major spending programmes on new infrastructure projects, with transport representing a key portion of that future investment.
    Read More

Highlighted Content