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More EU budget for Transport

More EU budget for Transport

13-06-16

29 European transport associations, bringing together railways, infrastructures, maritime and inland waterways operators, the air sector, and the shippers, are mobilised to urge European institutions to dedicate more EU funds to transport in order to complete the Trans-European Network for Transport (TEN-T). More EU Budget for Transport is the Best Investment Plan for Europe:

  • 10 million additional jobs
  • 1.8% GDP growth expected by 2030

 

However, there is only €2 billion left in the current EU budget of Connecting Europe Factility (CEF). Although infrastructure projects provide a strong societal return on investment, many of them are not bankable and so cannot not be part of the so-called Junker Plan. Therefore, CEF grants are vital.

Transport is the backbone of the internal market. The review of the Multi-Financial Framework is the best opportunity to boost the European economy.