Infrastructure needs for Europe
First publishedon www.WorldHighways.com
The European Construction Industry Federation (FIEC) is calling on the European Governments to recognise the importance of investing in infrastructure.
The FIEC says it recognises the challenging economic climate and the need for governments to cut unsustainable levels of public debt. But FIEC president Luisa Todini commented, “Austerity is however not a solution by itself.”
Europe’s transport, energy and telecommunication networks are the backbone of the EU internal market, ensuring that goods and services are delivered across the continent. The FIEC points out that cutting investment in infrastructure sabotages future growth for jobs and competitiveness. Only with renewed economic growth can government debt be kept low in the longer term.
In this context, the European Union has a vital role to play in ensuring targeted investment in viable infrastructure projects is maintained to enable long-term sustainable growth. Amongst the existing growth levers and in the framework of the starting discussions within the European Parliament on the financing of infrastructure, FIEC is in favour of the proposal for a Connecting Europe Facility.
This financing framework, together with a coherent policy for infrastructure, is crucial for Europe. FIEC believes that the Connecting Europe Facility is part of the solution to meet the challenges that the EU and Member States face.