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Transactions - MARCH 18, 2020

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EU unveils €1.4b package of infrastructure projects

by Kali Persall

The European Commission has approved an investment package worth more than €1.4 billion ($1.5 billion) of EU funds in 14 large infrastructure projects in seven member states, including Croatia, Czechia, Hungary, Poland, Portugal, Romania and Spain.

The mix of infrastructure projects span the environment, health, transport and energy sectors. They represent a massive investment to boost the economy, protect the environment and improve citizens’ quality of life and social well-being.

“In such difficult times for our continent, it is crucial that cohesion policy continues to play its role in supporting the economy for the benefit of our citizens,” said Elisa Ferreira, EU commissioner for cohesion and reforms.

She added that many of the approved projects also help deliver on the goals of the European Green Deal, a growth strategy aimed at making the EU’s economy more sustainable.

The EU will contribute to the projects via the European Regional Devel

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