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EU grants €161.3M to support 26 transportation infrastructure projects

6 April 2012

The European Commission has selected 26 projects to receive €161.3 million (US$211 million) in EU co-financing from the trans-European transport network (TEN-T) program (earlier post) to continue improving transport infrastructure across the EU.

The 2011 Multi-Annual Programme Call granted €161.3 million in total funding and aimed to finance the highest priorities of the TEN-T network, focusing on three fields:

  • Motorways of the Sea (MoS - TEN-T Priority Project 21), providing viable alternatives for congested roads by shifting freight to sea routes. 7 projects selected, €47.8 million in funding.

  • River Information Services (RIS), involving traffic management infrastructure on the inland waterway network. 4 projects selected, €10.2 million in funding

  • European Rail Traffic Management System (ERTMS) – 15 projects selected, €103.3 million in funding.

The TEN-T Executive Agency, which is entrusted with the financial and project management of the TEN-T programme, received 47 eligible proposals.The selected projects, whose objectives range from improving viable, regular and reliable sea-based transport services in Motorways of the Sea to equipping trains and lines with the most advanced version of ERTMS, involve 21 Member States. The grants will also help to mobilize substantial public and private financing.

The projects will be managed by the TEN-T Executive Agency, under the parentage of Directorate General for Mobility and Transport of the European Commission.

April 6, 2012 in Brief | Permalink | Comments (0) | TrackBack (0)

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