Austria launches new program for feeder railways

On 21 May the starting signal was launched for the promotional program for industrial and regional logistics/feeder railways. EUR 8 Million funds are available within this program for environmentally friendly freight transport projects to reduce the CO2 emissions.
The program supports the implementation of projects and the development of feasibility studies and is addressed to the transport industry, railway companies, logistics companies, consultancy companies and research. The projects for building sidings can receive up to EUR 3 Million and those for modernisation/extension of sidings up to EUR 2.5 Million. The contracts on the maintenance of sidings amount to EUR 1.5 Million. Studies can receive up to EUR 100,000.
“There is no country within the European Union that has a similarly high share of railway transport in the cargo business like Austria. The feeder railways are a major leverage for shifting transport volumes to the rail“, emphasised Doris Bures, Minister of Infrastructure.
Source: www.logistik-express.com