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European Parliament seeks EU funding for €345 billion high-speed rail plan

Original: Europe needs €345 billion for high-speed rail. Parliament wants the EU to help pay http:// dlvr.it/TW15Mc # Business # R

The European Parliament is calling on the EU to help finance an estimated €345 billion investment needed to expand Europe's high-speed rail network. The proposal would put Brussels at the centre of funding a major upgrade of cross-border rail infrastructure, with supporters arguing faster trains are key to cutting emissions and improving connectivity across the continent.

Why now: EU institutions are actively debating how to finance a costly continent-wide rail expansion at a time of tight budgets and climate targets.

European ParliamentEuropean Union

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