Naples, 21 October 2009
EU invests first part of €500 million worth of TEN-T funding in infrastructure works
The European Commission has today announced the first group of projects that will benefit from a total of €500 million worth of investment in vital transport infrastructure projects across the EU. The grants will be allocated under the Trans-European Transport Network (TEN-T) programme, which helps to fund works to build missing transport links or remove bottlenecks in order to enable people and goods to circulate quickly and easily between Member States. The €500 million package constitutes a vital part of the Commission's response to the economic crisis. The funding announced today will go towards projects in Austria, Belgium, Germany, Spain, France, Hungary, Italy, the Netherlands, Portugal, Sweden and the United Kingdom. A second group of projects benefitting from TEN-T funding will be announced later this year.
European Commission Vice-President Antonio Tajani in charge of transport, commented: "I am pleased to be signing these funding decisions today. It is my conviction that the EU's capacity to grow depends on the quality of its transport infrastructure and the TEN-T programme plays an essential role in ensuring its progress. Unlocking this funding shows the Commission is serious about tackling the economic crisis as it is targeted to encourage further economic growth. This funding released under the TEN-T programme plays a crucial role in keeping Europe moving forward."
The €500 million funding was originally intended to be spread out over several years, but was brought forward earlier this year because of the Commission's coordinated response to the economic crisis. As transport plays such a central role in the economy, improving the infrastructure can act as a catalyst for increased economic activity.
TEN-T grants play a key role in making infrastructure works possible by either funding studies to help overcome early stage project difficulties or by financing part of the actual works. Traffic between Member States is expected to double by 2020. To accommodate this growth, major investments will be needed until 2020 to complete and modernise the network in a sustainable way.
The funding was announced today at the first day of the TEN-T days in Naples. This year's conference is dedicated to: "The future of Trans-European Transport Networks: building bridges between Europe and its neighbours". As part of the conference, participants will take stock of the implementation of the 30 so-called priority projects and provide a first outline of common priorities until 2020.
List of TEN-T funding announced today
(Amount in brackets denotes Community contribution)
For more details on a particular project please visit: