News EIB finances €480m Helsinki hospital The European Investment Bank (EIB) has approved a €100m tranche of funding for the Laakso hospital complex in Helsinki, bringing the total amount loaned to €480m. The scope of work…
News EU gives troubled Rail Baltica programme extra €1.2bn The EU’s Connecting Europe Facility (CEF) has signed two agreements worth €1.4bn in an effort to speed up completion of the Rail Baltica project. Of this amount, €1.2bn will be…
News Baltics and Poland ask EU to help pay for fortifications against Russia Estonia, Latvia, Lithuania, and Poland have asked the EU to help them pay for new fortifications along their borders with Russia and its ally, Belarus. The defence ministers of the…
News EU starts procedure against Ireland over defective block crisis In response to thousands of homes crumbling in Ireland because of defective concrete blocks, the European Commission has launched an infringement procedure against the Irish government for allowing the sale…
News EU approves €1bn Dutch plan to subsidise hydrogen plants A Dutch government plan to subsidise new green hydrogen plants with €1bn in grants will go ahead after passing EU scrutiny on competition and state-aid. Tenders will now go out…
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…