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EU funds euro1.7 billion in rail works
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BRUSSELS, Belgium - The European Union has approved euro1.7 billion (US$2.15 billion) in funding for 11 railway projects aimed at clearing bottlenecks in Europe's transport grid.
The European Commission said Friday that the decision also shows that it is continuing to invest to improve the continent's environment and business competitiveness.
The works will specifically be used for the modernization of tunnels and the building of new lines in Austria, France, Germany, Slovenia and Hungary. The main aim is to make the main lines from Berlin to Palermo and Lyon to Budapest easier to use.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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