Source: European Parliament
Cohesion Policy supports Greece with investments in road infrastructure through the sectoral programme ‘Transport’ and the regional programmes, provided they align with the programme’s priorities and the applicable regulatory framework.
However, under the shared management and subsidiarity principles governing the Cohesion Policy Funds, project selection and implementation fall under the responsibility of the relevant national and regional managing authorities. According to the latest information provided by them, there is no provision for funding the project in question.
In line with Article 73(2)(c) of the Common Provisions Regulation (CPR) 2021/1060[1], the Commission considers that a cost-benefit analysis is a useful tool to determine the best relationship between the amount of support, the activities undertaken and the achievement of objectives, and thus to prioritise investments for structural mobility and safety improvements.
Especially for larger investments, cost-benefit analysis helps the competent national authorities to define the most appropriate scope of projects, their level of EU funding and the added value for the society. This added value can include economic impact and road safety.
- [1] Regulation (EU) 2021/1060 of the European Parliament and of the Council of 24 June 2021 laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and financial rules for those and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy.