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Sep 09 2024

For the benefit of every mode

Record sums from the CEF fund. The European Union has stumped up no less that EUR 7 billion this year alone to co-fund infrastructure projects for improved and sustainable trans-European transport networks. Funding from the CEF fund will also expand solidarity corridors to and from Ukraine.

 

The funds made available in 2024 represent a record sum. The projects that were awarded contracts were selected for co-financing from a total of 408 applications submitted. Around four fifths of the funds have been earmarked for projects that improve the pan-EU network of railways, inland waterways and maritime transport routes and thus contribute to achieving climate goals.

 

The lion’s share of the funds will go to large cross-border rail construction projects. These include the expansion of a line on the Lyon–Turin axis, between France and Italy; the construction of the Fehmarnbelt tunnel between Denmark and Germany; and the Rail Baltica project. The latter envisages a 1,000 km transport corridor to seamlessly connect Warsaw (Poland), the three Baltic states of Estonia, Latvia and Lithuania, and Helsinki (Finland).

 

Greener transport on inland waterways

 

20 European seaports will also receive funding to expand their infrastructure. Some of the maritime projects aim to provide shore power for ships, others to promote the transport of renewable energies by sea. Read more

 

Source: ITJ