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

  • Hitachi: new European parts centre
    February 8, 2012
    Hitachi Construction Machinery (Europe)/(HCME) has said that it is increasing its focus on the supply of spare parts with the opening of a new European parts centre in April 2011. This represents a significant investment of €e12million in the 53,000m2 facility (22,000m2 covered), formerly owned by the car manufacturer Citroën and located in the city of Oosterhout in the south of The Netherlands. HCME's existing 7,600m2 European parts centre is also situated in Oosterhout, but the move to the new complex wil
    Read More
  • Boost to infrastructure, autonomous cars in UK budget
    March 17, 2016
    The UK chancellor announced in his spring budget what he called the biggest investment, US$87.5 billion (£61 billion), in transport infrastructure in generations and is increasing capital investment in the transport network by 50 per cent over this Parliament compared to the last. The government plans to establish the UK as a global centre for excellence in connected and autonomous vehicles by establishing a US$24.1 million (£15 million) ‘connected corridor’ from London to Dover to enable vehicles to com
    Read More
  • New tunnel under Germany’s River Elbe
    August 27, 2013
    Plans are moving forward for the construction of a new highway tunnel under the River Elbe in Germany. The 6.5km tunnel will form part of the A20 autobahn linking Bad Segeberg and Bremerhaven. The tunnel will be constructed Glückstadt and Drochtersen and a section of the A26 autobahn that connects with the busy port city of Hamburg. The project is expected to cost some €2 billion to construct. Bids are already being submitted, including an offer by French firm Vinci using the PPP model and intended to share
    Read More
  • Wacker Neuson confident of strong financial performance
    May 13, 2014
    Munich-based light equipment manufacturer Wacker Neuson reports a healthy balance sheet despite difficult conditions. The company says that group revenue climbed by 13% for the first quarter, compared with the same period last year. This a new record for the first quarter of €291.6 million, compared with €257.1 million for the same period in 2013. The performance was affected by currency fluctuations as currency values in many emerging markets as well as the US dollar lost ground against the Euro in the fir
    Read More

Highlighted Content