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![]() Railhub Archive | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Department of TransportUK to receive #30 million funding from Europe for Transport Trans European networks
development of transport Trans European Network schemes in 1996, Sir George Young, Secretary of State for Transport, announced today. The funding package agreed is the second largest of all the allocations - only exceeded by Germany's. Welcoming the news, Sir George said: "I am delighted with the United Kingdom's settlement. The money will go to transport projects on strategic routes across the country and represents over 16% of the total funds available for priority projects in 1996. This is more than most Member States will receive from the EC fund and reflects the UK's significant share in the TENs priority projects." Funds will go to the following priority projects: * #20 million to the Channel Tunnel Rail Link * #5.75 million for the West Coast Main Line * #1.85 million for schemes along the Ireland-UK-Benelux Road Link. In addition there is almost #2 million for other schemes, with #1.34 million of that going towards four traffic management projects, and #650,000 for the Great Western Line development study between Bristol and Penzance. Note to Editors 1. Sir George Young was responding to a Parliamentary Question from David Nicholson MP (Taunton). 2. The development of trans European networks (TENs) is provided for in Article 129(b)-(d) of the Maastrict Treaty. The funding of the transport TENs was provided for in a Financial Regulation adopted by ECOFIN on 18 September 1995, replacing the Transport Infrastructure Fund. The European Council agreed in 1995 that 75% of the available funds in 1995 and 1996 should be allocated to the 14 priority projects identified by the Essen Council, which include in the UK the Channel Tunnel Rail Link, the West Coast Main Line and the Ireland-UK-Benelux Road Link. Of the 280 mecu (about #224 million) total funds available in 1996, 208.4 mecu (about #167 million) were therefore allocated to the 14 priority projects. 3. David Curry MP, Minister for the South West, has today also made an announcement on the funding of the Great Western Line Bristol to Penzance study. A separate press notice on this has been issued by the Department of the Environment. HOUSE OF COMMONS David Nicholson (Taunton) To ask the Secretary of State for Transport, what will be the United Kingdom's share of the funds available in 1996 for priority projects and other schemes under the European Community's financing programme for Trans-European Transport Networks. SIR GEORGE YOUNG Priority projects in the United Kingdom will receive some #27.6 million, which is over 16% of the total funds available for priority projects in 1996 and more than any other Member State will receive from the EC fund, apart from Germany. #20 million will go towards the Channel Tunnel Rail Link, with #5.75 million for the West Coast Main Line and #1.85 million for schemes along the Ireland - UK - Benelux Road Link. The UK will also receive almost #2 million for other schemes, of which #1.34m is for four traffic management projects and #0.65 million for a development study of the Great Western Line between Bristol and Penzance. # = pounds sterling
Railhub Archive ::: 1996-12-16 DoT-001 | ![]() ![]() Friday![]() ![]() ![]() |