| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/03/1322 (1.10.03) |
| Publication Date | 01/10/2003 |
| Content Type | News |
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The European Commission proposed on 1 October 2003 adapting the guidelines for the trans-European transport network (TEN-T) to the dimensions of the enlarged European Union. Under the proposals, a series of priority projects which will cost a total of €220 billion should be declared to be of European interest. The extension of the major routes to the future Member States should help to make enlargement a success and provide the Union with a new opportunity to reduce congestion and encourage intermodality. This proposal, which follows up the report by the High-Level Group on the TEN-T goes hand in hand with a parallel proposal to amend the rules on financial aid for the TEN-T in order to allow a higher rate of co-funding for the cross-border sections of the priority projects. This package is part of the European growth initiative (IP/03/1321) designed to mobilise new investment in the trans-European networks and in research, development and innovation in order to boost the competitiveness of the Union. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/03/1322&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Mobility and Transport, Politics and International Relations |
| Countries / Regions | Europe |
