EC adopts EUR 4 bln infrastructure support for 10 member states
The EU Cohesion Policy, with the stated aim of improving the economic wellbeing of regions in the union while avoiding regional disparities, will invest EUR 4 billion of EU funds in 25 large infrastructure projects in ten member states.
The investment package involves Bulgaria, the Czech Republic, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania, according to the website of the European Commission, ec.europa.eu.
The projects cover a wide range of areas, including health, transport, research, environment and energy. With national co-financing, the total investment in these projects amounts to EUR 8 bln, information posted on the website reads.
In Hungary, EUR 105.5 million will be provided for upgrades on the southern section of the Budapest M0 ring road, with reconstructed roads, bridges and new cycle paths. The project will shorten travel times and improve road safety for some 90,000 vehicles circulating daily in the area. Furthermore, the project is also expected to reduce congestion by diverting traffic away from the city center.
Other financed projects include providing more secure and affordable energy in Bulgaria; smoother road and rail connections on the Trans-European Transport Network in the Czech Republic; improved healthcare and greater connectivity in Poland; and in Romania, smoother transport in Bucharest, as well as environmental protection and water management projects.
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