NGVA Europe said in a statement that the European Commission has selected 74 projects that will receive almost €200 million in EU co-financing from the trans-European transport network (TEN-T) programme to continue improving transport infrastructure across the EU.
These 74 projects, selected as a result of the 2011 annual call, will use EU financial support for a variety of purposes, ranging from the construction and/or upgrade of current links, support of transport corridors, Public-Private Partnerships (PPPs) and innovative financial instruments.
Commission Vice-President Siim Kallas, responsible for transport , said: “The European Commission continues to support the construction and upgrade of European transport infrastructure to ensure its citizens can reap the benefits of a complete, safe and modern network. Moreover, the almost €200 million made available today will also help to support employment in the EU by allowing Member States to continue investing in large and small infrastructure projects during a time of general economic stagnation.”
The 2011 annual programme call granted €198.63 million in total funding and aimed to finance the highest priorities of the TEN-T network, focusing on the following fields:
The projects will be managed by the TEN-T Executive Agency, working together with the project beneficiaries and under the auspices of the Directorate-General for Mobility and Transport of the European Commission.
[mappress] LNG World News Staff, October 08, 2012