EU budgets €30·6bn for transport in 2021-27

EUROPE: A total costs envelope of EUR30 · 6bn has actually been assigned for transport investment as part of the European Commission's 2021-27 spending plan propositions presented to the European Parliament in Strasbourg on Might 2.

Explaining its proposed Multiannual Funding Structure as 'practical and contemporary', the Commission advanced prepare for a total spending plan of EUR1 135bn over the seven years, equivalent to 1 · 11 % of GNP for the staying 27 member states. This is broadly equivalent to the level of spending in 2014-20. The propositions are to be settled over the coming months, with Commission President Jean-Claude Juncker eager to reach contract before the European Parliament elections in spring 2019.

In order to streamline the existing structure, the Commission proposes to lower the number of different programmes by more than a 3rd and 'significantly streamline' using financial instruments. Research study and innovation is viewed as a key top priority, with a boost in overall investment to EUR114 · 8bn, which the Horizon Europe programme has a budget plan of EUR97 · 9bn.

Transportation costs will be funnelled through the Connecting Europe Facility, which has an overall budget plan of EUR42 · 2bn to money cross-border facilities investment in the transportation, energy and digital sectors. The transport aspect of EUR30 · 6bn is made up of a 'basic envelope' of EUR12 · 8bn and an additional EUR11 · 3bn from the cohesion fund. Another EUR6 · 5bn would be provided to boost strategic transportation infrastructure for improved military movement.

Throughout the 2018 TEN-T Days in Ljubljana, more than 40 associations and stakeholders jointly revealed a declaration on April 26 calling for 'more financial investment in clean and contemporary transport'. The signatories consisted of transport operators, local authorities, logistics company and users throughout the rail, maritime, inland waterways, air travel and intermodal sectors.

The Ljubljana Statement called upon European policymakers to increase the CEF budget plan for 2021-27 'to assist in the conclusion of the TEN-T core network', which would need an approximated EUR500bn between 2021 and 2030, and to supply additional grants for transportation jobs on the so-called detailed networks.

CER Executive Director Libor Lochman described that 'the Connecting Europe Facility offers the very best assurance to provide high EU added-value in the transportation sector, and offers an opportunity to finance the actual implementation of sustainable transport tasks.'

The Ljubljana Declaration was handed over to Budget plan Commissioner Günther Oettinger at the TEN-T Days occasion. 'We completely agree that buying infrastructure suggests promoting financial development and work', said Transport Commissioner Violeta Bulc.

Source

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