Caspian Energy Journal Caspian European Club
Wednesday, 26 April 2017 11:00

EU supporting synergies between transport and energy sectors

The EU Member States have approved the Commission's proposal to invest €22.1 million in seven actions that will help develop sustainable and efficient transport and energy infrastructure. They will receive funding from the Connecting Europe Facility (CEF), one of the key funding instruments of the EU's Energy Union strategy to promote growth, jobs and competitiveness through targeted infrastructure investment at European level.

Transport Commissioner Violeta Bulc said: “European Transport still depends on oil for 94% of its energy needs. That is why the EU is investing in seven projects to speed up the deployment of alternative energy sources, with a special focus on electrification and multimodal transport”.

Four of the selected actions refer to the transport priorities “motorways of the sea”, “maritime ports” and “multimodal transport modes” with emphasis on the gas sector (EU funding of €8.8 million), two are in the electricity sector addressing roads and multimodal transport modes (EU funding of €12.3 million) and one relates to smart grids, focusing on railway transport (EU funding of €1 million), Caspian Energy News ( reports with reference to the press statement of the European Commission.

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Person in charge of the newsline: Jeyhun Bayramov

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