New ways of financing transport infrastructure projects in Europe
Meeting large infrastructure needs – including its proper maintenance and operation – is and will remain a major challenge for the European Union in the coming years requiring targeted innovative financing mechanisms. Technological and systems innovation such as Collaborative Internet, Big and Open Access Data, 5G or Galileo are contributing to a faster deployment of intelligent and collaborative transport systems which will foster the development of an integrated and smooth transport network across regions. This study assesses a range of mechanisms to finance transport infrastructure projects... in cross-border regions, and analyses the strategic role that the European Groupings of Territorial Cohesion (EGTC) could play in the planning and implementation of cross-border investments. Special attention is given to the often neglected small-scale projects, whose investment is up to €1 million. Building on an in-depth literature review, and supported by interviews with various regional cooperation structures and an experts' workshop, the study analyses the current situation regarding the availability of financing tools for new technologies that enhance transport infrastructure in cross-border regions. It also outlines sources of financial support that could meet investment needs and assesses technological challenges and trends in the field of Intelligent Transport Systems, with a focus on regional interoperability. The study ends with suggestions of policy options to facilitate and accelerate cross-border transport infrastructure projects.