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EU Funds to Finance Brenner Tunnel until 2015

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: © Flickr

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…

This article includes a total of 217 words.

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