FUNDING
NEW FUNDINGS
BBT SE has recently participated in a call for tenders launched by the European Commission in order to obtain new EU funding. Following the positive evaluation of BBT SE’s application, 700 million Euros have been allocated to the project.
An important new feature of the new EU funding is the increase of the co-financing percentage to cover construction activities from 40% to 50%. This means that the new EU funding will now cover 50% of the total project costs, with the remaining 50% being shared equally between Italy and Austria.
TOTAL EXPECTED COSTS
RAW CONSTRUCTION
FURNISHINGS
DESIGN AND DELIVERY OF SERVICES
EXPROPRIATIONS 1% AND RISK PROVISIONING 12%
In order to ensure optimal use of EU grants, the pertinent EU offices (European Commission, CINEA, European Court of Auditors, etc) as well as the Austrian and Italian Ministries constantly monitor the progress of the works and the use of the allocated resources.
The remainder of the costs for the BBT is borne equally by Austria and Italy.
The Brenner Base Tunnel is Europe’s most-funded infrastructure project. The EU co-funding comes from the “Connecting Europe Facility” (CEF). This funding programme supports the construction of efficient transport infrastructure.