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ITEN

Sustainable mobility, EU funds of €1 bln

6 projects worth €67 M financed in Italy. Other €350 M to come

20171201_1.jpg On Thursday, the European Commission approved 39 projects of the transportation sector, which will receive the EU financing from the Connecting Europe Facility (CEF) programme worth more than 1 billion euros.
A larger part of the funds, which from now until 2030 will generate public and private investments totaling 4.5 billion euros, has been assigned to the railway infrastructure (€719.5 M), decarbonization of road transportation (€99.6 M), ports (€78.9 M) and inland waterway shipping (€44.7 M).
In Italy, 6 projects have received financing amounting to €66.6 M and entailing overall investments of €251.4 M. The financed initiatives include Gainn4Sea (CEF funds of €14.3 M) and Gainn4Mid (€2.6 M) for the LNG development in maritime and inland transportation, as well as the enhancement of infrastructure in the port of Ravenna (€37.4 M).
An initiative in the area of LNG for transportation worth mentioning is LNG Rollout for distribution of liquefied gas in transportation Central Europe (CEF funds of €3.3 M vs. investments of €16.3 M).
Further funds of €350 M will come next year from through the “CEF Blending” call dedicated to infrastructure for alternative vehicles. The deadline to submit projects is April 12, 2018.

 

Energy Morning is an information service on facts and news on the energy industry. As such, the contents of this service do not directly or indirectly reflect the vision and strategy of Snam on the topics covered.
 

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updated
01 December 2017 - 15:45 CET