ZAGREB, March 17, 2020 - The European Commission on Tuesday approved the allocation of more than €119 million from the Cohesion Fund to Croatia to purchase 21 electric trains.
That is one of 14 large infrastructure projects in seven EU member states with a total value of €1.4 billion.
"Over €119 million from the Cohesion Fund will finance the purchase of 21 new electric trains to boost service quality, reduce delays and encourage more people to use a sustainable transport type. This project will contribute to modernise the country's rolling stock and to improve connectivity and mobility with positive economic consequences. Travel times, noise, vibrations and operating costs will be reduced while safety will increase," the EC said in a press release published on its web site.
Commissioner for Cohesion and Reforms, Elisa Ferreira, said: "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."
"Today's major project adoptions show that EU funding, and Cohesion policy in particular, delivers concrete results, helping regions and cities becoming a safer, cleaner and more comfortable place for people and business. Many of the approved projects also help delivering on the goals of the European Green Deal. When the European Commission, Member States and regions join forces, we can achieve a lot,” Ferreira said.
More news about EU Funds can be found in the Business section.
