European Commission to invest US$475m in 69 new transportation projects

0

The European Commission (EC) is proposing to invest €421m (US$475m) in 69 key transportation projects that will improve mobility for citizens and businesses alike, while also creating safer, smarter and greener transportation infrastructure across the continent.  

The projects selected for the new funding aim at promoting digitization, making roads safer, and fostering multimodal connections in line with the EC’s ‘Europe on the Move’ initiatives. With an investment of €109m (US$123m), the largest part of the funding will be devoted to supporting multimodal logistics platforms, which will make it possible to shift freight between different transportation modes.

Intelligent Transportation Systems (ITS) for roadways will receive €80.2m (US$90.4m) and projects advancing innovation and new technologies will get €71.4m (US$80.5m), further demonstrating the EU’s dedication to reducing congestion and emissions while at the same time increasing road safety.

The 69 projects will be supported via the Connecting Europe Facility (CEF), the EU’s financial mechanism supporting infrastructure development and upgrade. The EU’s financial contribution is made in the form of grants, with different co-financing rates depending on the project type. 
From the new funding, the project areas are:

  • Multimodal logistics platforms – 20 schemes;
  • Innovation and new technologies – 13;
  • Intelligent Transportation Systems for roads – 11;
  • Safe and secure infrastructure – 10;
  • Rail interoperability – 8;
  • European Rail Traffic Management System (ERTMS) – 5; and
  • River Information Services (RIS) – 2.

The Innovation and Networks Executive Agency (INEA) has been publishing calls to finance transportation infrastructure projects in Europe, with its 2018 call specifically focused on transport digitization, road safety and multimodality. The latest batch of selected projects include:

  • A platform for testing and implementing intelligent transportation services across the EU, which brings together 18 member states, contributing to the C-Roads initiative to create cross-border harmonization of Cooperative ITS (C-ITS) technologies;
  • A new multimodal, integrated and mobile ticketing platform for the Lisbon metropolitan area; and
  • A new rail wagon design facilitating the switch between the track gauges used in Spain and elsewhere in Europe.

The Commission will now adopt a formal decision, after which INEA will prepare and sign grant agreements with the beneficiaries of the individual projects by June 2019.

The EU’s Commissioner for Transport, Violeta Bulc, commented, “We are delivering on the EU’s connectivity objectives. These projects, on strategic sections of Europe’s transport network, will help the transition toward safe, smart, inclusive and sustainable mobility. We expect our funding to trigger €1.3 billion (US$1.4bn) in total investment in the EU economy.”

Share.

About Author

mm

Adam joined the company in 1994, and has been News Editor of TTT since 2009. In his other role as Circulation Manager, he helped create the original Traffic Technology International distribution list 23 years ago, and has been working on it ever since. Outside of work, he is a keen fisherman, runs a drumming band, and plays an ancient version of cricket.

Comments are closed.