Significant EU funds are available for investment in the European rail system, UNIFE advocates at the EU and Member State level for the proper absorption and investment of these available funds in rail
More EU Funds for investments in Europe's rail system
A great deal of funding is available for the rail sector through various European Union programmes. Efficient absorption and use of this EU funding are essential as recent financial constraints have put severe restrictions on the amount of public money that national governments are able to invest in the rail networks, although the situation very much differs from one country to another.
The COVID-19 outbreak, and the ensuing economic crisis, has further exacerbated the differences. However, the crisis has also shown that even when our countries were brought to a near-standstill, rail and urban rail systems (trams/metros/urban rail) have continued to ensure the circulation of critical goods and the continuation of essential services. It has been possible thanks to major EU investments in rail projects over recent years. These overtures helped modernise European infrastructure, reduced bottlenecks and bridged missing links. More than ever before, the COVID-19 crisis has illustrated how important a well-functioning Trans-European Transport Network (TEN-T) is to Europe’s resilience. UNIFE advocates that rail’s strategic role during the pandemic and its assets as the greenest, safest mode of mass transportation necessitates direct, massive European Union investments towards a strengthened, future transport system with rail as its backbone. Additionally, this would generate more market opportunities for European rail supply industry.
Do you want to know more about the available EU Funds?
More investments mean more market opportunities. Join UNIFE as a Member to learn more about various available funding instruments. Currently, EU funds come from a variety of sources, such as the Connecting Europe Facility (CEF) supporting the Trans-European Transport Network (TEN-T) policy, Structural Funds and Cohesion Funds, as well as the European Fund for Strategic Investments (EFSI). These are often supplemented by private investors and/or national governments. UNIFE is advocating for an increase of the EU budget resources for rail projects in the upcoming 2021 - 2027 Multiannual Financial Framework (MFF).
UNIFE cooperates with the European Commission’s DG MOVE and REGIO, Innovation and Networks Executive Agency (INEA), and other European rail stakeholders to ensure that the EU funds available for rail projects are used as efficiently as possible.
For more information, please contact:
Public Affairs Manager
+32 2 642 23 20