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Sustainable transport investments have long functioned as key accelerators of a carbon-neutral economy. In the context of worsening climate change and the looming permanency of the pandemic, careful EU policy actions are required to mainstream transport financing into broader recovery assistance. Substantial EU funds for resilient public transport are critical if we want to ensure at least the pre-COVID19 levels of passengers trips and deliver on the promises of the green and digital mobility transition.
In this context, UITP issues today a new Policy Paper on ‘EU funds and financing for resilient local mobility’. The goal is to support all transport professionals and decision-makers in better understanding the importance of EU funds and financing mechanisms for the post-pandemic mobility landscape. The Paper offers key priorities and recommendations on how to build resilient urban mobility and public transport in regions and cities across Europe using EU financial support. It also presents all major EU funding and financing streams, unravelling complexities behind the EU financing architecture for sustainable and smart local mobility.
The current EU budget 2021-2027 can become a real game-changer for local passenger transport in Europe. Investing in public transport infrastructure means improving everyday life and mobility options of millions of local commuters. It will help rebuild local communities after pandemic and reach EU’s environmental, economic, digital and road safety objectives all at once.
A shift in travelling behaviours towards collective, shared and active mobility modes at the local level is the ultimate way to decarbornise people’s daily mobility and make Europe climate neutral by 2050. It is impossible to achieve these objectives without strong public transport networks, infrastructures and fleets.
Prioritising local public transport investments across all relevant EU funds and financing instruments is critical to speed up the transition towards low and zero emission transport. It also easily delivers on the triple mobility challenge of decarbonisation, decongestion and economic growth. This is the only way to meet the European Green Deal’s objectives and lead Europe’s green transition.