Commission allocates € 260 million of TEN-T stimulus funds

22 October 2009

The European Commission has allocated the first € 260 million of the € 500 million allocated to Trans-European Transport Network (TEN-T) in the EU's stimulus plan. The € 200 billion plan was announced last November, with € 170 billion coming from national budgets and € 30 billion from central EU funds.

A total of 18 projects in 11 EU member countries will benefit from this initial round of funding. The Commission says it will make an announcement later this year on a second group of schemes to receive the remaining € 240 million.

The € 500 million does not represent new money for the TEN-T project, which comprises infrastructure projects designed to build missing links or ease bottlenecks in the EU's transport network. It is money that was originally intended to be spread over several years, but which has been brought forward in response to the economic downturn.

European Commission vice president for transport, Antonio Tajani said, "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 Commission lists 18 projects to benefit from the allocation of funds across 11 countries - Austria, Belgium, France, Germany, Hungary, Italy, The Netherlands, Portugal, Spain, Sweden and the UK. The largest single spend is € 76 million towards the new LGV Est high speed railway line between Baudrecourt and Vendenheim in France.

Read Construction Europe editor Chris Sleight's views on the Commission's announcement.

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Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]