EU Commissioner for Transport stressed infrastructure's key role in tackling the economic crisis

by Volvo Group Representation EU

Faced with an economic crisis, investments in transport are critical for creating employment and a return to economic growth.

Source: European Commission Press Room

"Tackling budget deficits and implementing austerity measures are not the only way to regain market confidence. Reviving growth must be part of the solution. And for this transport is crucial."  In his speech Kallas, focused on the key issue of transport financing and set out four major deliverables for 2012-2013, to get the conditions for transport financing right. The 4 deliverables are: the Connecting Europe Facility; ring-fencing money for East West Connections; getting private sector finance into transport; and making transport more self-financing (looking at road tolling and infrastructure charging schemes.

Read Commissioner's full speech here: http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/12/53&format=HTML&aged=0&language=EN&guiLanguage=en

Sonia Toro
Research and Communication Officer
+32 2 4825872
e-mail: sonia.toro@volvo.com

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