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

  • World Bank funding aiding Yemen highway project
    June 9, 2014
    The World Bank is providing a US$133.54 million grant to Yemen. The funds will help pay for construction of the first phase of a 710km long highway. This new road will connect Sa’ada in the north of the country to the port city of Aden. The highway looks likely to be constructed in three phases. The first phase will be for a 140km stretch from Aden to Taiz. The project will cost some $2 billion. Another tranche of financial backing for the project will come from the Saudi Development Fund.
    Read More
  • PPRS event: Road users’ concerns at the heart of the programme
    December 19, 2014
    Europeans are in two minds about whether their road transport has improved in the past five years, according to the latest European Commission’ Eurobarometer survey and report. According to 38% of respondents, road transport quality had gone up, but 40% said it had dropped, while 18% said there had been no change. Whatever the opinion on quality, 60% of respondents to the report’s survey considered congestion to be the most serious issue facing Europe’s roads. The survey highlighted the dominance o
    Read More
  • Russia’s flood-hit Tyva republic left with big motorway and bridge repair bill
    June 23, 2014
    Fifteen bridges were destroyed and 144.7km of motorway damaged during the May 2014 floods in the Russian republic of Tyva, contributing to what authorities say is an infrastructure repair bill of €15.83 million (RUB 748.27 million. The Russian government is considering subsidies to the region worth €16.25 million in the short term. This will go towards meeting all types of flood damage costs. Meanwhile, the road fund for Russia’s Nizhny Novgorod region is to receive €177.99 million (RUB 8.4 billion) in 201
    Read More
  • Poland awards three Expressway S19 sections
    March 11, 2017
    The Polish General Directorate for National Roads and Motorways – GDDKiA –reports that 14 bids have been received for construction of three sections of the S19 dual carriageway. A consortium formed by Pizzarotti and Fundamental Infrastructure pitched the lowest bid for the Krasnik Poludnie - Janow Lubelski Polnoc section, amounting to nearly €80 million. The lowest offer for the construction of the second section – a ring-road around the town of Janow Lubelski – was just over €34 million and made by M
    Read More

Highlighted Content