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26 06 2017 04

The European Commission (EC) is proposing to invest €2.7bn (US$3bn) in 152 key transport projects that support competitive, clean and connected mobility across the continent.

The Commission sees the new funding as a demonstration of its delivery of the ‘Investment Plan for Europe’ and on Europe’s connectivity program, including the recent ‘Europe on the Move’ agenda. Selected projects will contribute to modernizing rail lines, removing transport bottlenecks and improving cross-border connections, installing alternative fuel supply points, as well as implementing innovative traffic management solutions.

This investment is made under the Connecting Europe Facility, the EU’s financial mechanism supporting infrastructure networks, and will unlock €4.7bn (US$5.2bn) of public and private co-financing. This investment is intended to not only modernize Europe’s transport network, but also stimulate economic activity and spur job creation.

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Tags: Mobility

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