The new UITP report on EU Structural Funds in Central and Eastern Europe focuses on region’s growing mobility dynamics.
The transition towards a low-carbon economy is finally gaining momentum, as European cities have for too long been strangled by traffic congestion, rising pollution and urban sprawl. Investments in sustainable means of transport and urban mobility are required more than ever in order to regain healthy living environments and mitigate the impact of climate change, ultimately making European cities – particularly those in Central and Eastern Europe (CEE) – local growth champions.
Public transport and urban mobility in the CEE region are currently undergoing a substantial transformation that will define the sector’s attractiveness and the overall ridership levels for the years to come. Once perceived as obsolete, underfinanced, overemployed and poorly managed, since more than a decade now the public transport sector in the region has been on the growth curve, with the state-of-the-art technology on the streets, modern mobility governance tools in place and in a frenzy of investment and tenders, all fuelled by the wealth of European Union (EU) funds.
The now available report titled “ EU Structural Funds in Central and Eastern Europe: Transport and Urban Mobility Overview” strives to provide a structured and data-driven overview of the absorption and implementation of EU Structural Funds invested in Central and Eastern Europe in the transport and urban mobility sectors over the two EU financial programming periods of 2007-2013 and 2014-2020. Structural Funds account for one third of the current EU budget and represent its second largest spending line. At the same time, they represent a strategic financing tool used for the majority of public transport projects and initiatives implemented in the CEE region.
The full version of the report is available to Premium members and otherwise is to purchase.
The extract of the report can be found HERE.