Creation date: October 27, 2010
The European Commission and the Trans-European Transport Network Executive Agency (TEN-T EA) recently reviewed the progress of 92 TEN-T infrastructure projects which started in 2007 and were set to be completed by 2013.
The 92 projects account for approximately two-thirds of the total TEN-T budget (€5.301 billion out of a total €8.013 billion) and 78% of the total MAP for the entire 2007-2013 period. The total budgeted cost of these projects is €32.647 billion. Therefore, the TEN-T budget accounts for approximately 16% of the projects' budgeted costs.
The results of this "Mid-Term Review" of the Multi Annual Programme have outlined how, despite the recent years of economic stagnation, good progress has been made on most projects, which will be completed by their original deadline. The importance of this continued commitment by Member States and European Institutions during a time of European crisis is considerable, given the impact such infrastructure projects have on mobility, economic development and employment.
To know more about the mid-term review visit our page.