News International consortium begins work on 22km EU-funded Serbian rail scheme Construction has begun on a 22km-long bypass of the southern Serbian city of Nis. The project is being carried out by a consortium made up of Serbia’s Extra Auto Transport…
News EU approves Germany’s €3bn hydrogen network plan The European Commission has approved German plans to invest €3bn in a national hydrogen distribution system. The Hydrogen Core Network (HCN) will supply Germany and connect with a European market.…
News EU-funded wind farm to power third of Danish households The European Investment Bank (EIB) has agreed a €1.2bn loan for a major offshore wind farm in Denmark. The 1.1GW Thor scheme being built by German utility RWE will consist…
News EU to lend €325m for 120km Albania rail line Albania has been awarded loans worth €325m to fund the modernisation of a 120km rail link between Vorë in the centre of the country to Hani i Hotit in its…
News EBRD to lend Armenia €236m to build southern road Armenia is to be loaned €236m by the European Bank for Reconstruction and Development for a 24km section of road linking the towns of Kajaran and Sisian in the southeast…
News Ukraine starts building its railway to Europe Ukraine’s rail operator Ukrainian Railways has started building a European-gauge railway in the west of the country intended to link up with European railways, the operator announced on X, formally…
News Chinese train maker pulls out of Bulgarian bid after EU investigation A Chinese train-making company has withdrawn from a €610m Bulgarian tender after the European Commission opened a first-of-its-kind investigation into the company. CRRC Qingdao Sifan, a subsidiary of the world’s…
News €107m contract signed for Rail Baltic route in Estonia A joint venture between Estonian contractors Järelpinge Inseneribüroo and Verston has been chosen to build a 16km section of the Rail Baltica train line linking the Estonian municipalities of Kohila…
News EU probes Chinese train maker over state subsidies The European Commission will investigate a Chinese train maker to see if its bid to supply 20 trains to Bulgaria will be unfair owing to subsidies it may have got…
News European Investment Bank to loan €475m for Brussels tram upgrade The European Investment Bank (EIB) has announced financing of €475m to upgrade Brussels’ north to south tram system. The money will, among other things, be used to build a tunnel…
News EU probes dumping complaints against Chinese equipment makers The European Commission has launched a probe into allegations of “dumping” by Chinese manufacturers of mobile access equipment onto the European market. It follows a complaint lodged on 29 September…
Markets Gloomy forecast for EU construction sector High interest rates and soaring building costs have brought an end to growth in the EU’s construction industry and are likely to lead to a decline next year. These are…
News €247m to be spent on modernising motorway between France and Italy A total of €247m in funding has been raised for modernisation and safety work on the A32 motorway that connects northwest Italy and France via the Frejus tunnel. The project…
News €100m EU grant for Norway’s Arctic battery factory The EU’s Innovation Fund has given a €100m grant to Norwegian battery maker Freyr for its $1.6bn Giga Arctic project in northern Norway. Giga Arctic has been under development in…
News EU awards Rail Baltica a further €928m The EU’s Connecting Europe Facility has awarded an additional €928m in funding to an 870km rail line intended to pull the old Soviet states of Estonia, Latvia and Lithuania into…
News EU lends Brussels €475m for sustainable public transport The European Investment Bank (EIB) has given a €475m loan to the Brussels Capital Region to fund a scheme intended to make public transport more attractive than driving in the…
News EU threatens to seize €300bn from Russia to rebuild Ukraine EU Commission president Ursula von der Leyen today said the EU could seize €300bn of Russian Central Bank reserves and use it to rebuild Ukraine. A further €19bn of Russian…
News EU bank to mobilise $2.5bn for climate mitigation projects The European Investment Bank (EIB) is aiming to mobilise €2.5bn of investment in climate action projects in partnership with five private equity partners. The money will be spent on meeting…