EU Funds to Finance Brenner Tunnel until 2015

Politics ♦ Published: October 28, 2010; 16:08 ♦ (Vindobona)

The European Commission has extended its partial financing commitment for the Brenner tunnel. However, appropriate measures must be taken soon. Deliberations are still underway at present.

EU Funds to Finance Brenner Tunnel until 2015 / Picture: © Vindobona.org

EU financing for the Brenner base tunnel was extended for two years: the commitment is now until 2015. EU funding for the nine-billion euro (12.5 billion dollars) construction project amounts to 850 million euro (1.2 billion dollars). The condition for co-financing is that Austria and Italy have to approve the start of construction still this year and guarantee the…

or Log In

Fast News Search
Related News
New Budget, New Taxes (October 25, 2010)
Austrian Federal Railways in Debt Crisis (October 19, 2010)
WIFO-Boss Aiginger Calls Government for Economization (October 17, 2010)
Higher Tolls for Trucks Likely (October 15, 2010)
Asfinag: Toll Revenues for 1.63 Bllion Euro in 2010 (October 8, 2010)
Asfinag Bond: The Motorway Operator Picked Up 1.3 Billion Euro (September 14, 2010)
OIAG to become an infrastructure holding (July 23, 2010)
ÖBB (Austrian Nationalised Railway) - Bures: Save three billion € (May 25, 2010)
Read More
TEN, OEBB Austrian Railways, Doris Bures, Financial Industry, Infrastructure, Public Debt, Budget, Ministry of Infrastructure, Railway Industry, Brenner Tunnel, EU European Union, Funding, Italy, TEN Projects
Featured
See latest Vindobona Newsletter