The European Union on Thursday (22 July) said it is supporting the economic recovery in all Member States through its Green Recovery initiative by injecting almost EUR 2.2 billion (USD2.5 billion) into 140 key transport projects.
These projects will help build missing transport links across the continent, support sustainable transport and create jobs and will receive funding through the Connecting Europe Facility (CEF), the EU’s grant scheme supporting transport infrastructure, it said.
In the maritime sector, priority will be given to short-sea-shipping projects based on alternative fuels and the installation of on-shore power supply for ports to cut emissions from docked ships, it added.
“The EUR2.2 billion EU contribution to this crucial transport infrastructure will help kick-start the recovery, and we expect it to generate EUR5 billion in investments,” said Adina Vălean, Commissioner for Transport.
“The type of projects we invest in ranges from inland waterways transport to multimodal connections, alternative fuels to massive railroad infrastructure.”
The initiative will also support the shift to greener fuels for transport (19 projects) with almost EUR142 million (USD164 million), added the EU.
A number of projects involve converting vessels so they may run on Liquefied Natural Gas (LNG), as well as installing corresponding infrastructure in ports.
The projects were selected for funding via two competitive calls for proposals launched in October 2019 (regular CEF Transport call) and November 2019 (CEF Transport Blending Facility call).
More details on the selected projects is available here.
Photo credit: Sara Kurfess
Published: 22 July, 2020
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