News Montenegro gets €175m from EU to modernise rail The EU is allocating €175.6m to Montenegro to help it rebuild the 39km-long Bar to Golubovci railway line in the south of the country. The upgrade – costing €230.8m in…
News EU looks to ease state aid rules on social housing to tackle crisis The EU’s new housing commissioner says the European Commission will try to tackle Europe’s housing crisis by easing state aid restrictions so countries can spend state funds on social housing, Euronews reports.
News European Commission investigates Chinese subcontractor over Lisbon rail line The European Commission has launched an investigation under its Foreign Subsidies Regulation to determine if a Portuguese subsidiary of Chinese state-owned rolling stock manufacturer CRRC had an unfair advantage when…
News European mobile crane makers demand probe into Chinese ‘dumping’ Four big European mobile crane manufacturers have lodged a complaint with the European Commission concerning the influx of mobile cranes from China into the EU, demanding an urgent investigation. Liebherr,…
News EU unveils ambitious plan to supercharge high-speed rail by 2040 The European Commission has unveiled an ambitious plan to transform rail travel across the European Union, promising to halve journey times on major routes and establish high-speed rail as the…
News ‘Train of progress’: EU co-funds Costa Rica’s first electric railway The EU’s European Investment Bank (EIB) will lend Costa Rica $250m for the country’s first electric railway, a 51km commuter line connecting the capital San José to the district of…
News Starting pistol fired for Portugal’s first high-speed railway The European Investment Bank (EIB) this week released the first tranche of funding – €875m – to start work on Portugal’s first high-speed railway between Porto and Lisbon. The loan…
News EU announces €200m contribution to Spanish fusion research facility The European Commission has approved an investment of €202m for a particle accelerator in the Grenada region of southern Spain, around a quarter of the expected total construction cost. The…
Machinery, News EU approves JCB’s hydrogen engines UK equipment maker JCB has secured the European Union’s approval to sell its hydrogen engines in primary or third-party non-road mobile machinery across the EU and in other markets that…
Machinery JCB hails UK-India trade deal as ‘massive opportunity’ UK machinery maker JCB has welcomed this month’s UK-India Free Trade Agreement after the formal conclusion of talks between the two countries on 6 May. The deal still needs to…
News Kyrgyzstan begins construction on third international airport Kyrgyzstan has started building its third international airport in Jalal-Abad, its third biggest city. As reported by The Times of Central Asia, the 380ha airport will have a two-storey, 10,000-sq-m…
Machinery, News Europe slaps more tariffs on Chinese mobile access equipment The European Commission, the main executive body of the EU, has imposed extra “anti-subsidy” duties on Chinese mobile access equipment such as forklifts, scissor lifts and boom lifts. Ranging from…
News EU to fund €2bn infrastructure programme to support Ukraine economy The European Investment Bank (EIB) is to provide €2bn for recovery and reconstruction projects in Ukraine, including energy, transport, housing, water and heating. The work is intended to sustain essential…
News Montenegro cancels motorway after three Chinese bidders shortlisted Montenegro is to cancel the pre-qualification tender for a 22km motorway project following a request from the EU and the European Bank for Reconstruction and Development (EBRD), which are financing…
News Europe’s largest offshore wind farm to be built in Baltic Sea Poland’s largest utility has arranged funding for its Baltica 2 offshore wind farm. Together with Baltica 3, it will be able to generate as much as 1.5GW, making them the…
News €100m from EU to boost Lithuanian housing renovation The European Investment Bank (EIB) and the government of Lithuania have approved a €100m loan to fund housing renovation in the country. The initiative aims to unlock €625m in total…
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…