Some €4bn has been provided by the EU’s Cohesion Fund to finance 25 infrastructure projects in 10 member states. When combined with national co-financing, the investment will total €8bn.
The projects include:
- €1bn to be spent in Romania to upgrade Bucharest’s ring road by expanding the number of lanes and constructing a 51km section of the Orbital Motorway
- Also in Romania, €603m will go towards protecting the Black Sea coastline in Constanta County
- €358m will be spent to extend the Circumetnea railway line in Catania, Sicily
- €399m will be spent on Poland’s road network and €223m will go towards its railways, including building the Szczecin Metropolitan Railway to connect the western cities of Stargard, Police and Gryfino
- €135m will fund a telecoms system for Greece’s public administration
- €106m will upgrade the southern section of the Budapest ring road, adding roads, bridges and cycle paths
Corina Cretu, commissioner for regional policy, said: "These 25 projects are examples of how the EU is working to improve everyday life for our citizens from better drinking water to faster rail transport and modern hospitals.
"In the current budget period, I have adopted 258 large infrastructure projects worth €32bn of EU funds; they are, in a way, the ambassadors of Cohesion Policy and I’m proud of each and every one of them."
More information on the projects is available here.
Image: Bucharest (Cristian Adrian/Wikimedia Commons/CC BY-SA 3.0)