6.7 billion euro of funding for 195 transport projectsJune 17, 2016
Hat: Today the European Commission disclosed a list of 195 transport projects that will receive €6.7 billion of funding under the Connecting Europe Facility (CEF).
Funding Scheme: 2016-06-17
Pgm2014 2020: Yes
Today the European Commission disclosed a list of 195 transport projects that will receive €6.7 billion of funding under the Connecting Europe Facility (CEF). The selected projects will help to the digitalisation and decarbonisation of transport.
The Member States eligible for the Cohesion Fund received almost 5.6 billion euro, which will help fight the disparities in terms of infrastructures across the EU. Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said he is happy that the Commission is making yet another major contribution to investment in the transport sector. For him, it will lead to more jobs and generate economic growth in Europe.
EU Commissioner for Transport Violeta Bulc said that the total investment could create up to 100,000 jobs in the European economy by 2030. She affirmed as well that the projects will make European infrastructure safer, more sustainable and more efficient for passengers and business alike.
Url description: Press room - European commission