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£600m to aid Euro roads bids

NEWS

THE EUROPEAN Commission Directorate-General Energy and Transport will provide a £600 million grant to assist around £150 billion of Trans-European Network PPP projects up to 2020.

The announcement, at a conference promoting opportunities for European road construction this week, could spark a scramble by UK firms interested in Central and Eastern European roadwork.

John Hugh Rees, a head of unit at the DGET, said: 'Our grant is designed to induce private sector income so that these vital road projects can get off the ground.'

Road projects that are up for grabs include:

Czech Republic The Prague Ring Road:£700 million

D3 motorway Prague to Austrian Border: £2 billion

Slovak Republic Three motorways:£3.5 billion

Germany Fehmernbelt Crossing:£1.4 billion

A52 tunnel scheme:£180 million

Croatia Split to Dubrovnik:£113 million

Zupanja to Lipovac:£50 million

Austria The Ypsilon road project:£500 million

The A5 North: £190 million

The A22 package:£420 million

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