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

  • Multi-billion dollar Vietnam transport projects to be supported by ODA of Japan
    December 16, 2013
    A total of 29 transport projects costing a combined US$7.42 billion, including the Phan Thiet-Nha Trang road, will be carried out in Vietnam from 2013 until 2016, according to the country’s Ministry of Transport. Of the 29 projects, 18 projects worth $2.34 billion collectively were due to be commissioned by the end of 2013. The ministry has said that the projects are supported by the government of Japan through $6 billion of ODA funds, including around $774.59 million for 2013. The Quang Ngai-Danang and D
    Read More
  • India’s highway projects benefiting from World Bank funding
    July 4, 2014
    A loan worth US$500 million from the World Bank's International Bank for Reconstruction and Development (IBRD) will help improve road connections in India. The funding will be directed towards India's National Highways Inter-connectivity Improvement Project (NHIIP), a programme of works aimed at improving routes in some rural or remote areas of the country. The NHIIP plan involves upgrading around 1,120km of National Highways in some of the country’s the low-income states such as Bihar, Orissa and Rajasthan
    Read More
  • Construction sector crucial to EU economy, says EC vice-president
    June 11, 2012
    European Commission (EC) vice-president Antonio Tajani said the performance of the continent’s construction sector had a “significant” bearing on the development of the whole European economy. “The competitiveness of construction companies is therefore an important issue not only for growth and employment in general, but also to ensure the sustainability of the sector,” added Tajani, who was speaking during the FIEC (European Construction Industry Federation) and EC organised ‘Construction Summit’ held duri
    Read More
  • IRF and REAAA showcase solutions to global road and transport needs
    June 8, 2017
    Free-flow Electronic Toll Services have emerged as a reliable, safe and environmentally sustainable way of collecting road user charges, presenting key benefits over stop-and-go methods. ETS are now a mature market with key lessons learned from successfully addressing operational, technological, financial and regulatory principles. Having high-quality road infrastructure is important to boost country and transport sector competitiveness. Road infrastructure is always in need of funding aimed to build new in
    Read More

Highlighted Content