European Parliament approves 30 billion euro infrastructure plan
The European Parliament approved an updated version of the "Connecting European Facilities" plan on the 7th, which will allocate 30 billion euros between 2021 and 2027 for the construction of transportation, energy and digital infrastructure.
The European Parliament said in a statement that day that the European Parliament and the European Council reached an agreement on this plan in March, and the European Parliament formally voted on it on the 7th of this month. The plan will ensure that a series of important cross-European infrastructure projects are completed on schedule by 2030.
In the updated version of the "Connecting European Facilities" plan, about 23 billion euros will be used for transportation projects, 5 billion euros will be used for energy projects, and 2 billion euros will be used for digital projects.
In October 2011, the European Commission announced the launch of a total of 50 billion euros "Connecting European Facilities" investment project to ensure the development of the European Union and employment growth.