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EU prioritizes cross-border, environment friendly transport projects
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08:18, November 22, 2007

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The European Commission has tabled its proposals for funding trans-European transport network projects for the period 2007-2013, giving priority to cross-border projects and environment friendly modes such as inland waterways and rail, said the commission on Wednesday.

Under the commission's proposals, 56 percent of the total funding were to be allocated to cross-border projects.

With respect to environment friendliness, projects in the inland waterway sector and rail were to be given 11.5 percent and 74.2 percent of the overall resources respectively.

Thirty out of 221 projects have been short listed by the commission, the executive body of the European Union (EU). Total funding will be 5.1 billion euros (7.5 billion U.S. dollars) for 2007-2013.

"The proposed decisions are a response to the key challenge of transport and TEN (trans-European network) policies. They will generate high added value for the EU and enhance the sustainability of transport in Europe," said European Commission Vice President Jacques Barrot, who is responsible for transport policy.

The short listed projects are now sent to the member states and to the European Parliament for approval. Final project funding decisions are expected at the beginning of next year.

Source: Xinhua

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