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

  • Transport infrastructure investment for Europe
    April 13, 2015
    According to a new report by Timetric’s Construction Intelligence Centre, 15 of the major economies in Europe are investing over US$1.43 trillion in road and rail construction projects in the coming years. Russia leads with investment of $433 billion, followed by the UK and France with $263 billion and $167 billion, respectively. The railways sector has the highest value at $804 billion, followed by the roads sector at $301 billion. Tunnels and bridges is valued at $227 billion and the trams and metros se
    Read More
  • Major tunnel project planned for Malaysia
    March 4, 2013
    A large tunnel project is being planned for Malaysia’s Penang State. This project has been awarded to a joint venture, Consortium Zenith, formed by Chinese and Malaysian partners. The 6.5km Gurney Drive-Bagan Ajam undersea tunnel will form the centrepiece of the project. However the work will also include the construction of a 12km road connecting Tanjung Bungah with Teluk Bahang, the 4.6km Lebuhraya Tun Dr Lim Chong Eu-Bandar Baru Air Itam bypass and the 4.2km Gurney Drive-Lebuhraya Tun Dr Lim Chong Eu byp
    Read More
  • ERF sets out plans for 2014 symposium
    May 19, 2014
    The road infrastructure sector, in its strive to deliver better products for its customers, such as road authorities, has worked hard to develop innovative solutions. These are intended to be more durable, making them more cost-effective in the long-run, and also more environmentally friendly. In its efforts, however, it has often been frustrated by a rigid legal framework that leaves little room for manoeuvre to its customers. Until last year, existing rules for public procurement at EU level gave almost u
    Read More
  • The EU is investing in alternative fuels for Spain
    January 11, 2013
    Alternative fuels used for road transport in Spain are to benefit from EU support. Under the TEN-T Programme the EU will co-finance a study to determine the required steps to integrate Liquefied Natural Gas (LNG) refuelling technology in Spain. The €2 million provided by the EU will also be used to demonstrate the potential of LNG as a more environmentally friendly and cost effective transport fuel for heavy goods vehicles running on Spain’s sections of the TEN-T road network. The project was selected for f
    Read More

Highlighted Content