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Transport is fundamental to our economy and society. Mobility is vital for growth and job creation. The transport industry directly employs around 10 million people and accounts for about 5% of gross domestic product (GDP).
The European Commission launches a public consultation on the "Europe 2020 Project Bond Initiative" which aims at boosting the funding of projects with long-term revenue potential in line with the Europe 2020 policy priorities.
The procedure of adoption of the Marco Polo Work Programme 2011 is expected to be completed by the end of the first quarter of 2011. However, due to the planned changes to be introduced in the Call for Proposals 2011, the actual Call text laying down detailed rules for submission and selection of specific actions to be funded under the programme in 2011 will be adopted separately from the Work Programme 2011 and is expected to be published in the second quarter of 2011.
The new rail bridge spans the river Rhine to connect Strasbourg and Kehl and in doing so makes a new section along the corridor from Paris to Bratislava operational. The building of Kehl Bridge and connecting it to the German rail net will be co-funded by the Trans-European Transport Network (TEN-T) budget with about Euro 25 million, which represents 25% of the costs.