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Funding for transport infrastructure in the new EU budget

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On 29 June 2011, the Commission proposed a new seven-year EU budget (Multiannual Financial Framework, MFF) that covers EU public expenditure between 2014 and 2020. This paper summarises the transport-relevant parts of the MFF and attempts to check whether it can help ‘decarbonise’ the transport sector.

New lending criteria needed

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The NGO network CEE Bankwatch says the European Bank for Reconstruction and Development urgently needs to reduce its carbon-heavy investments in new motorways and air travel, and instead promote transport that assists the transition to a low-carbon economy. Its comments come in a consultation by the Bank on how it decides its transport lending in central and eastern Europe. Bankwatch also says the Bank’s ‘private sector at just about all costs’ approach is leading to bad lending decisions, and it should ensure that railway restructuring does not become a misleading term that takes trade off the rails because of higher costs.

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