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EU invests £5.19bn in transport infrastructure

European Union

The European Commission has announced a €6.7bn (£5.19bn) investment in infrastructure. 

European infrastructure is set to receive the investment under the Connecting Europe Facility (CEF), which funds the trans-European transport network.

When co-financing from public and private sources is taken into account the measure is expected to raise £7.2bn in funds for infrastructure across the union.

The UK submitted 37 proposals to the CEF, and has won funds for 17 projects that will receive funding, including an upgrade for the Swanick Air Traffic Control Centre and a scheme to develop commercial hydrogen refuelling stations.

Total funds for UK projects came to £102.2M. 

EU commissioner for transport Violeta Bulc said: “The total investment of [£7.2bn] could create up to 100,000 jobs in the European economy by 2030. The projects will make European infrastructure safer, more sustainable and more efficient for passengers and business alike. I am pleased to see that the Western Balkan Region will also receive some funding, bringing its transport infrastructure closer to the EU’s.”

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