The European Union (EU) has unveiled plans to invest over €117m to connect different parts of Europe, with a focus on sustainable transport modes.
The projects will receive support from the organisation’s financial instrument that supports transport infrastructure, Connecting Europe Facility (CEF).
Funding will be invested in 39 major transport projects. It will aim to reduce freight trains noise, improve and develop improve cross-border railway links, as well as upgrade port infrastructure.
Eight out of the 39 selected projects are targeted at reducing rail freight noise by upgrading the braking systems.
These brakes are expected to improve energy performance and provide better living conditions for those who live near the rail track.
Under these eight projects, 75,000 freight railway cars will receive upgraded braking systems.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe EU will invest €2.9m for studies that will upgrade existing railway lines such as the electrification of the Vienna to the Hungarian border.
Another €12.7m will be allocated for the development of the cross-border section between Bremen in Germany and Groeningen in the Netherlands.
Many of the selected projects are dedicated to the improvement of EU ports infrastructure to cultivate multimodality and lower greenhouse gases and pollutant emissions.
EU Commissioner for Transport Violeta Bulc said: “We are delivering on our commitments to make transport more sustainable, safer and smarter.
“Today’s decision gives a further push to the transition to low-emission mobility across Europe, starting with our railways and our ports.”
The projects were selected through a call for proposals that was launched on 8 January for all member states of the EU.
After the approval from the EU Member States, the EU will adopt a formal decision following which the grant agreements will be signed by the Innovation and Networks Executive Agency with the project beneficiaries by January 2020.