The EU at work to bridge the investment gap in transport and stimulate the European economy
Transport faces a wide range of challenges across the EU: significant investment needs to complete the TEN-T core network, removal of bottlenecks, financing gaps in certain areas, need for infrastructure upgrade and modernisation, need for adequate project preparation and development of pipeline, urban mobility challenges, and regulatory and administrative barriers. The European Commission's Investment Plan for Europe help address these issues, paving the way for the competitive and sustainable EU transport system of tomorrow.
The European Fund for Strategic Investments (EFSI) - the heart of the Investment Plan for Europe - aims to overcome current market failures by addressing market gaps and mobilising private investment. EFSI support can be combined with EU grants from the Connecting Europe Facility (CEF), Horizon 2020 as well as from those EU funds implemented by Member States' authorities under shared management, namely the European Structural and Investment (ESI) Funds.
Continue reading here: http://europa.eu/rapid/press-release_MEMO-17-226_en.htm