Latest news from Heavy Lift & Project Forwarding International Magazine

Radical overhaul of EU transport infrastructure

September 11 - The European Commission has invited Member States to propose projects to use EUR1.9 billion (USD2.4 billion) of EU funding to improve European transport connections.

This is the largest ever single amount of funding earmarked for transport infrastructure.

The funding will be concentrated along nine major transport corridors which, taken together, will form a core transport network. The funding will remove bottlenecks, revolutionise east-west connections and streamline cross border transport operations for businesses and citizens throughout the EU, said the Commission.

Commission vice president Siim Kallas, who is responsible for transport, commented: "Transport is fundamental to an efficient European economy, so investing in transport connections to fuel the economic recovery is more important than ever. Areas of Europe without good transport connections are not going to grow or prosper."

EU financing for transport has tripled to EUR26 billion (USD33.5 billion) for the period 2014-2020, compared to the EUR8 billion (USD10.3 billion) for 2007-2013, under the new Connecting Europe Facility (CEF).

Taken together, the tripling of transport financing, combined with the decision to tightly focus the funding along nine major EU transport corridors, amounts to the most radical overhaul of EU transport infrastructure policy since its inception in the 1980s.

The new core network, to be established by 2030, will connect: 94 main European ports with rail and road links; 38 key airports with rail connections into major cities; 15,000 km of railway line upgraded to high speed; and 35 cross border projects to reduce bottlenecks.

Member States have until February 26, 2015 to submit their bids.

Heavy Lift | News

Breakbulk Europe kicks off thumbnail image

Breakbulk Europe kicks off

May 21 - More than 550 exhibitors are preparing for the start of this year’s Breakbulk Europe exhibition, which kicks off later today in Bremen. 
Views: 176
Multipurpose charter rates dip thumbnail image

Multipurpose charter rates dip

May 21 - Time charter rates in the multipurpose shipping sector have declined over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 241
Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
Views: 290

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.