Abstract

The common market is considered to be one of the greatest benefits of European integration. The single European transport area with optimal modal split is a basic precondition for a common market in goods and the required high mobility of passengers. To assure smooth traffic flow, with the minimum of traffic accidents, and to be more environmentally friendly and energy efficient necessitates the maximum utilization of all current transport facilities that are available. However this shall not be enough. Regarding the delay in adapting the transport infrastructure to the enormous growth of traffic, it is necessary to increase investments into bottleneck removal and add new links according to new requirements. Some prioritization of investment in transport infrastructure is connected with the broad effort of public authorities to increase growth and employment in order to facilitate solutions to end the current crisis and assure the further development of the economy; the contribution of public funding is considered to be an important incentive for private capital inflow.

Highlights

  • In the mid-seventies the share of transport expenses in the budget of Member States (MS) of the EU was 1.5% of GDP, which was considered for MS to be rather low (EC, 1991)

  • This rate was adapted by the European non-MS as a recommended dimension within the European Transport Committee of the Economic Council of Europe of UNO as the lowest standard

  • The main troubles have been found in road transport; the steep growth of road vehicles and their performance were contrary to the slow rate of growth in the capacities of road infrastructure

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Summary

ADDITIONAL EFFECTS OF INVESTMENT IN TRANSPORT INFRASTRUCTURE

Priorities of support for the eligible sustainable development of transport infrastructure could apply a larger necessity to the use of mass passenger transport instead of individual transport, in some cases even with a lower energy efficiency per passenger because of a lower than minimal necessary occupation, if it could save capacities of the transport infrastructure. Could create 18 000 new jobs (Kallas, 2012) In addition it could draw a fivefold amount of private capital after the obligatory cofinancing of the MS. Quotas for the Czech Republic and other MS have been decreased for the period 20142020 because some MS want to decrease expentitures and through that their contribution to their own sources of the EU This was influenced by a lower than expected level of drawing of co-financing . On account of the crucial importance of transport for the common market the Facility Connecting Europe was newly established with cofinancing from the EU as in the case of operational programs It has been designed for all 10 new MS, without national quotas, with the only selection criteria the quality of the submitted projects. Respecting the initial orientation of EU co-financing as an additional and not replacement source, it would be an impressive amount of money

SAVINGS IN PUBLIC EXPENDITURE BUDGETS
Findings
CHANGES IN THE METHODOLOGY FOR THE CALCULATION OF SENSITIVITY
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