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Printed: 09.05.2024.
PrintEU transport investments will stimulate Baltic business
Announced in June 2015, the Commission's investment plan for the transport sector is now fully operational, after the Innovation and Networks Executive Agency (INEA) finalised the signature of all grant agreements for projects selected under the 2014 Connecting Europe Facility (CEF). A total of €12.7 billion of EU investment will support 263 transport projects contributing to faster, safer and greener mobility in the EU.
Better connected Europe
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These amounts are intended to bridge existing investment gap in the EU member states, which is one of the Commission's top priorities. Thus, EU Commissioner for transport, Violeta Bulc underlined that present investment has been the largest ever made by the EU in the transport area.
All these transport projects will better connect Europe and boost competitiveness, growth and jobs. By contributing to the decarbonisation of the transport sector through greener fuels and digital integration, the projects will also advance on two priorities of the Commission: the energy union and the EU digital agenda.
For example, among the already approved beneficiaries are flagship initiatives such as Rail Baltica as well as smaller-scale projects, such as the Groningen-Bremen rail connection. All will directly benefit European citizens and businesses.
http://ec.europa.eu/transport/newsletters/2016/01-11/articles/cef_investment_en.htm
Cross-border transport development
In early January 2016, The European Commission has adopted a series of cross-border cooperation programmes totaling €1 billion, supporting social and economic development in the regions on both sides of the EU's external borders. Grants will be awarded through calls for proposals expected to be launched in the course of 2016 or ea.rly 2017.
See: Baltic States opportunities in cross-border cooperation
The funding comes under the European Regional Development Fund (ERDF) and the European Neighbourhood Instrument (ENI). Financing agreements will be finalised between the partner countries and the EU by the end of 2016. Grants will be awarded through calls for proposals expected to be launched in the course of 2016 or early 2017.
Reference: European Commission, press release “EU to invest € 1 bln. in regions along its external borders”, Brussels, 7 January 2016. In: