Nearly €1 billion available in Trans-European Transport Network funding
The European Commission launched today the 2009 TEN-T Calls for Proposals, making nearly €1 billion of financing available for European transport infrastructure projects. This year's Calls include a €500 million call in the framework of the Commission's European Economic Recovery Plan, aimed at giving an immediate boost to the European economy by accelerating investments in infrastructure. In addition, there will be funding opportunities under the TEN-T Annual Programme and Multi-Annual Programme, whose priorities in this Call include Motorways of the Sea, Intelligent Transport Systems for Road, and the European Rail Traffic Management System (ERTMS). The Trans-European Transport Network Executive Agency (TEN-T EA), which manages the technical and financial implementation of the TEN-T programme, is responsible for the management of the calls for proposals and the evaluation of project proposals submitted on behalf of its "parent", DG Energy and Transport.