The Challenge of Spending Wisely

This article describes the manner in which new European Union member states in Eastern Europe will be advised to spend the €14 billion made available to them by the EU for use in rail systems and infrastructure. The article explains that, after the rise of private enterprise and ownership in the region beginning in the early 1990s, the rail market steadily decreased due to private vehicle ownership. As such, the area has required revitalization. The EU investments in these countries has raised their overall annual budgets to provide about 0.8 percent of their overall gross domestic product (GDP) to transportation measures, which is matched to the Western European countries. The article urges that these funds be carefully allocated under a comprehensive development plan.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01044891
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Mar 12 2007 11:29AM