EC adopts €4bn cashflow package

Cohesion Policy funds go to 25 large projects in 10 Member States

The Commission announced on Tuesday a large Cohesion Policy investment, worth €4bn and targeted at 25 large infrastructure projects in 10 Member States, the EU press service reported. The package involves Bulgaria, the Czech Republic, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania and covers a wide range of project areas: health, transport, research, environment and energy. With national co-financing, the total investment amounts to €8bn.

“These 25 projects are as many examples of how the EU is working to improve everyday life for our citizens from better drinking water to faster rail transport and modern hospitals. In the current budget period, we have adopted 258 large infrastructure projects worth €32bn of EU funds; they are, in a way, the ambassadors of Cohesion Policy and I'm proud of each and every one of them,” Regional Policy Commissioner Corina Cretu said.

In Bulgaria, €33m of EU funds will finance the construction of a 182-km cross-border gas interconnector between Komotini, Greece, and Stara Zagora, Bulgaria. The pipeline is of common European interest and contributes to the objectives of the Energy Union. With it the two countries' gas systems will be linked for the first time, diversifying energy sources in the region and increasing energy security.

In the Czech Republic, €76m will go for financing upgrades on the rail corridor between Prague and Pilsen. Works include new or reconstructed tracks, shortening travel time by half. Then, almost €75mn will be invested in a road from Nebory to Bystrice, as part of a major link between a Czech and a Slovak motorway.

In Hungary, €105.5mn will finance upgrades on the southern section of the Budapest ring road, with reconstructed roads, bridges and new cycle paths. This project will shorten travel time and improve road safety for the 90,000 vehicles circulating daily in the area. In addition, it will reduce congestion by diverting traffic away from the city centre.

In Italy, more than €358mn of EU funds will help extend the Circumetnea railway line operating in Catania, Sicily, with eight new stations and rolling stocks. This project will help reduce congestion on the road network and will promote clean mobility in the region.

In the field of healthcare, almost €61mn will help purchase new equipment for the University Hospital of Krakow, Poland, benefiting over 3.3 million inhabitants. Then, €56mn will help build a new hospital complex in Poznan, centralising healthcare services, extending facilities and buying new equipment.

Then, in the field of maritime transports, €155mn will increase the safety of operations in the Port of Gdansk, with upgraded breakwater structures. Almost €65mn will help build or modernise quays and hydro-technical engineering structures in the Port of Gdynia, increasing traffic safety.

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