The European Commission announced the 74 projects that will receive almost €200 million in EU co-financing from the trans-European transport network (TEN-T). These 74 projects will use EU financial support for a variety of purposes, ranging from the construction and/or upgrade of current links, support of transport corridors, Public-Private Partnerships (PPPs) and innovative financial instruments.

Almost €200 million in EU co-financing from the trans-European transport network (TEN-T) programme will be distributed among the 74 projects selected to continue improving transport infrastructure across the EU. These 74 projects was selected as a result of the 2011 annual call published in January 2012.

In particular, the 2011 annual programme call granted €198.63 million in total funding aimed to finance the highest priorities of the TEN-T network,which focus on promote the development of an integrated and multi-modal transport system; studies and preparation of deployment projects contributing to mitigation and adaptation to climate change (GHG emissions); studies and works supporting the reduction of the impact of maritime transport on the environment (air pollutants); accelerate/facilitate the implementation of TEN-T projects, 44 projects selected — €146.63 million in funding; support to Public-Private Partnerships (PPPs) and innovative financial instruments — 6 projects selected, €5.63 million in funding; support to the long-term implementation of the TEN-T network, in particular development of corridors that enable a coordinated implementation of the network.

Commission Vice-President Siim Kallas, responsible for transport, underlined that the almost €200 million made available will also help to support employment in the EU by allowing Member States to continue investing in large and small infrastructure projects during a time of general economic stagnation.