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EU Contribution for Lyon-Turin railway increases

21/04/2021

The European Union is re-evaluating its contribution to the new Turin-Lyon railway line in order to increase it to 55%. At the end of March 2021, the Permanent Representatives Committee (Coreper) of the European Union approved the agreement recently reached between the Commission, the Parliament and the Council of the EU on the 2021-2027 regulation of the Connecting Europe Facility. The program is dedicated to the financing of transport infrastructures. The agreement envisages (in point 2 of Article 14) an increase of up to 10% in the percentage of European funding for cross-border connections, with another + 5% for those with binational management.  

Currently Europe co-finances 40% of the work and will increase its contribution to 55% and this will lead to a reduction in the contribution paid by the two states. The cross-border section of the Turin-Lyon railway has a certified cost of 8.6 billion euros (2012 currency): after the Brussels decision, the cost of the work will mostly be borne by Europe (4.4 billion) , while Italy will contribute with 2.4 billion euros and France with 1.8 billion euros. Click here, fr/11 and  it/80 for access to the tunnelbuilder archive and also visit https://www.telt-sas.com. 16/21. 

 




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