EU invests 22 million EUR in transport-energy interconnection projects

EUSeven transport-energy projects will receive funding of 22.1 million EUR under the Connecting Europe Facility. Today, Member States have approved the European Commission’s proposal for the investment.

The European transport still depends on oil for 94% of its energy needs, according to the EU Transport Commissioner Violeta Bulk. She explained that projects should speed up the deployment of alternative energy sources, with a special focus on electrification and multimodal transport.

Four of the selected proposals relate to the transport priorities of “motorways of the sea”, “seaports” and “multimodal transport” with a focus on the gas sector (8.8 million EUR). Two projects are in the electricity sector, focusing on roads and multimodal transport (12.3 million EUR), one is for intelligent networks in rail transport (1 million EUR).

Among the activities to be funded include the development of a LNG project in Cyprus, a study on the creation of a motorway between a small liquefied natural gas facility in Zebruuge (Belgium) and a ship loading facility in Gothenburg (Sweden), as well as cross-border railway project of Croatia and Slovenia, etc.