Feport

June 21, 2016 - FEPORT joins its voice to 28 other EU transport associations to urge the European Parliament and the Council to increase the Connecting Europe Facility (CEF) budget in the upcoming review of the Multi-Annual Financial Framework. As from today, more than 2000 participants will gather in Rotterdam to attend to the TEN-T Days 2016. FEPORT hopes that this event will contribute to raise awareness about the crucial role played by transport. FEPORT members are looking forward to attending to the "Investors Conference" that will target investors to give them more practical advice on how successfully use the opportunities offered by the Investment Plan for Europe as well as the Connecting Europe Facility.

The expected strong participation to the TEN-T days among others underlines the interest and expectations that transport stakeholders and institutional actors grant to the issue of infrastructure financing and its role. Transport is an enabler of economic growth and jobs, currently giving jobs to 20 million persons and accounting for 10% of total EU employment. It is therefore crucial to continue to invest in the completion of the Trans-European Network for Transport (TEN-T) thus allowing to create 10 million additional jobs and 1.8% GDP growth expected by 2030 Decrease in national transport budgets has led to less and less investments in transport infrastructure and it is anticipated that the non-completion of TEN-T will cause the loss of around 3.2 billion EUR GDP and the non-creation of 11 million job-years.