Wednesday , 18 September 2019
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FEPORT urges increase in EU transport budget

The Federation of European Private Port Operators (FEPORT) has joined 28 EU transport associations calling for the European Parliament and the Council to increase the EU budget for transport.

Together with its fellow EU transport associations, FEPORT urged an increase in the budget for the Connecting Europe Facility (CEF), which supports trans-European networks and infrastructures in sectors including transport, in the upcoming review of the Multi-Annual Financial Framework (MFF).

According to the federation, it is “crucial to continue to invest in the completion of the Trans-European Network for Transport (TEN-T)”, a programme aiming to carry out investments targeted at facilitating the mobility of goods and passengers within the EU.

As FEPORT added, this would allow the creation of 10m additional jobs and 1.8% GDP growth expected by 2030.

FEPORT’s members are among those attending the TEN-T Days 2016, an event currently taking place in Rotterdam featuring an “Investors Conference” on how to boost funding and financing in transport infrastructure.

According to a statement by the organisation, the strong participation expected to the event “underlines the interest and expectations that transport stakeholders and institutional actors grant to the issue of infrastructure financing and its role”.

FEPORT claimed in a statement that as decrease in national transport budgets led to less and less investments in this kind of infrastructure, “it is anticipated that the non-completion of TEN-T will cause the loss of around €3.2bn (US$3.6bn) GDP”.

Lamia Kerdjoudj-Belkaid, secretary general of FEPORT, said in a statement: “We cannot afford to stop the effort of completing the TEN-T because this would highly compromise the integration of the different modes of transport and the efficiency of logistics chains in Europe.

“We, transport stakeholders, rely on the European Parliament and the Council to make sure that all past efforts regarding the financing of TEN-T are carried on and that Europe’s competitive advantage in terms of transport infrastructure is consolidated thanks to the allocation to the CEF budget of €500bn (US$566bn).”