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EU invests $1.5 Billion USD In Green Infrastructure

BRUSSELS, Belgium

The European Commission has approved a $1.5 Billion USD funding package for large European infrastructure projects including flood safety and sustainable water management projects.

The investment aims to boost economies of seven Member States at the same time as protecting the environment and improving citizens’ quality of life and social well-being. The projects are in key areas such as environment, health, transport and energy to assist in conversion to a low-carbon Europe.

Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “In such difficult times for our continent, it is crucial that Cohesion policy continues to play its role in supporting the economy for the benefit of our citizens. Today's major project adoptions show that EU funding, and Cohesion policy in particular, delivers concrete results, helping regions and cities becoming a safer, cleaner and more comfortable place for people and business. Many of the approved projects also help delivering on the goals of the European Green Deal. When the European Commission, Member States and regions join forces, we can achieve a lot.”

In a response to extreme flooding experienced in recent years, over $50 Million USD from the Cohesion Fund will be directed to improving flood safety and to sustainable water management projects in the valley of the Tisza River in Hungary. An addition $103 Million USD is targeted to flood risk prevention programs in the Upper-Tiza.

$522 Million USD is earmarked for water projects in Romania to ensure access to clean water and improvement in healthcare. Included in the funding are wastewater treatment facilities for over 400,000 people and groundwater contamination prevention projects that will benefit 220,000 inhabitants in the northeast of the country.

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