EU welcomes foreign investments for connectivity projects: Commissioner Bulc

Updated 2017-09-22 11:00:54 Xinhua

The European Union (EU) welcomes foreign investors and capitals for Connecting Europe Facility (CEF) as a key EU funding instrument, said European Commissioner for Transport Violeta Bulc on Thursday.

Responding to a question at the transport ministers' press conference, Bulc said that for investment there are clear rules that has to be respected, which by no means indicates that the EU is closing doors to foreign investments.

She also said that the EU works well with Chinese investments on European projects.

Bulc said good transport connections are an important issue for the European Commission, and all modes of transport must be considered, including railways in addition to air connections, so that the provision of connections become sustainable.

On the second day of the informal meeting of energy and transport ministers of EU members, the EU transport continued discussions to chart the policies and investment needs for the development of the trans-European transport network (TEN-T) in the next funding period, that is, post-2020.

The need for investments is large and the ministers reached broad consensus on the future of CEF, a key EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level, said Estonian Minister for Economic Affairs and Infrastructure Kadri Simson.

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