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December 4, 2017 8:00 am | FILED UNDER: europe

Let Construction Begin – EU Approves CZK30 Billion in Transport Project Funding

By ČTK

Prague, Dec 3 (CTK) – The European Union has approved all transport projects for which the Czech Republic wants to use money from the Connecting Europe Facility (CEF) fund, with the country getting roughly Kc30bn from the programme, Transport Ministry spokesman Tomas Nerold told CTK.

 

The fund will co-finance selected construction projects which will be carried out in the Czech Republic by the end of 2023.

 

The projects will include the modernisation of the Prague-Lysa nad Labem railway, and the creation of an electric vehicle charging station network.

 

Within the transport area, CEF concentrates on supporting investment in new transport infrastructure, and the reconstruction and modernisation of the current one.

 

CEF, set up for the 2014-2020 period, focuses mainly on cross-border areas, and completing sections of the TEN-T global transport network.

 

In the transport sector, CEF represents the second largest EU subsidy programme for the development of Czech infrastructure.

 

The Operational Programme Transport provides a significantly bigger financial aid. The Czech Republic received Kc156bn in the programme’s first period, 2007-2014, with roughly Kc110bn being offered in the current 2014-2020 period.

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