Friday, November 27, 2020
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EU Cohesion Policy approves investments in green projects in Czechia, Poland and Hungary

The European Commission approved an investment package worth more than 1.4 billion euros of EU funds in 14 large infrastructure projects in several Member States, including energy-related projects in the Czech Republic, Hungary and Poland.

“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,” said Commissioner for Cohesion and Reforms, Elisa Ferreira. “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.”

An investment of almost 37 million euros has been destined to build a new efficient and reliable double-circuit power line between Přeštice and Vítkov in the Plzeň and Karlovy Vary regions of the Czech Republic. On top of being a key infrastructure linking the energy systems of different EU countries, this project will increase energy security and renewable energy generation. Also, regional blackouts and grid failure will decrease.

In Hungary, more than 49 million euros will increase flood safety for the people and the economy in the valley of the Tisza river, especially as a response to the extreme floods over the past decades. In addition, nearly 96 million euros will also protect over 132,000 inhabitants from flood risk in the Upper-Tisza, improving sustainable water management, thus supporting the water-based economy.

Finally, a power transmission line and power substations in Northern and North-Western Poland will be built thanks to an investment of over 54 million euros. Covering an area of almost 380 kilometres, the project will support the generation and distribution of clean and safe energy, cutting greenhouse emissions and air pollution. Moreover, the Cohesion Fund will invest more than 38 million euros to modernise the tram network in Bydgoszcz, in the Kujawsko-Pomorskie region. Thanks to this project, around 350,000 inhabitants will profit from increased comfort and accessibility for people with reduced mobility as well as reduced traffic and greenhouse emissions.

Overall, all the projects represent a massive investment to boost the economy, protect the environment and improve citizens’ quality of life and social well-being.

“Many of the approved projects also help delivering on the goals of the European Green Deal,” continued Mrs Ferreira. “When the European Commission, Member States and regions join forces, we can achieve a lot.”

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