STALLED

A grandiose transportation plan for a network of railways, roads, and airports--designed to pull European Union (EU) constituent countries closer together--is mired in a sea of bureaucratic red tape and financial uncertainty. The Trans-European Transport Network (TENs) concept was envisioned originally as a mix of public and private sector financing to make the EU a more cohesive body and to boost growth. This article notes that there have been few successes since the start of the project in 1993 and that lack of government support is making it even tougher. Private sector investment has been less than expected and cash-strapped governments are not rushing to bail out the projects. The article reports that the benefits of the TENs projects are significantly greater for the EU as a whole than for its individual countries.

  • Availability:
  • Corporate Authors:

    Institutional Investor, Incorporated

    488 Madison Avenue
    New York, NY  United States  10022
  • Authors:
    • BRUCE, R
  • Publication Date: 1996-4

Language

  • English

Media Info

  • Features: Photos;
  • Pagination: p. 24-26
  • Serial:
    • Infrastructure Finance
    • Volume: 5
    • Issue Number: 2
    • Publisher: Institutional Investor, Incorporated
    • ISSN: 1063-0260

Subject/Index Terms

Filing Info

  • Accession Number: 00728789
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 1 1996 12:00AM