Greater European Union investment in transport after 2020 – including the Trans-European Transport Network (TEN-T) – is being backed by FIEC (the European Construction Industry Federation).
As it officially joined a coalition of stakeholders promoting a stronger budget for transport, FIEC president Jean-Louis Marchand said, “Together with a number of other organisations involved in transport matters, FIEC believes that investing in transport, and in particular in TEN-T, is crucial for Europe’s growth and jobs.
“This is why we advocate for a stronger budget for the Connecting Europe Facility for after 2020, with grants remaining the major component.”
FIEC said it considered that there were a number of transport infrastructure projects which were vital for the EU’s competitiveness but did not generate the necessary return on investment in order to attract private investors. It said that these projects therefore required a strong commitment from the EU and national public authorities.
The core TEN-T transport network creates two north-south corridors, three east-west corridors, and four diagonal corridors.