On 8 February 2017, the European Commission launched a call for proposals in order to select transport infrastructure projects in Europe in the context of a new and innovative way of financing from public financial institutions, the private sector or, for the first time, the European Fund for Strategic Investments. The Commission’s budget for this measure amounts to EUR 1 billion.
The aim of this project is to combine different forms of financing to help to achieve the twin objectives of boosting investment to fund innovative, sustainable transport infrastructure upgrades while supporting jobs needed to put that infrastructure in place.
The call contributes to the implementation of the Commission’s Strategy for Low-Emission Mobility under the Energy Union.
It also supports investments in “sustainable transport” in view of the road mobility initiatives to be launched later this year. Selected projects must contribute to sustainable, innovative and seamless transportation along the Trans-European Transport Network.
The call sets two deadlines for submitting the proposals: 14 July 2017 and 30 November 2017.
The Commission will select projects that remove bottlenecks, support cross-border links and accelerate the digitalization of transport, secure sustainable and efficient transport systems, and enhance inter-modality and inter-operability in the transport network. For example, the Commission encourages projects embracing new technologies and traffic management systems such as the European Railway Traffic Management System, Intelligent Transport Systems for roads or the Single European Sky Air Traffic Management Research Programme.