EU proposes $68 bn infrastructure package
October 20th, 2011 - 3:42 am ICT by IANSBrussels, Oct 20 (IANS) The European Commission Wednesday proposed a 50-billion-euro (about $68 billion) package on infrastructure, which will substantially improve the European Union’s (EU) competitiveness and employment, according to the commission.
The package, named Connecting Europe Facility (CCF), will be aimed at constructing sustainable and fully interconnected transport, energy and digital networks, Xinhua reported.
“I want to be absolutely clear that an essential part of our approach is to put in place the conditions for growth and job creation,” said European Commission President Jose Manuel Barroso.
“We are frontloading growth so that we can take the necessary steps also to promote jobs. And investment is part of the answer,” he said.
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Tags: bn, brussels, ccf, competitiveness, digital networks, europe, european commission, european commission president, european union, infrastructure, job creation, jobs, jose manuel, necessary steps, transport energy, xinhua