The programme was approved by the EC under EU state aid rules. The scheme has a €40m annual budget and will run from 2021 to 2025. Under the initiative, companies will be compensated for up to 50% of the cost of installing new infrastructure such as sidings and 80% for the cost of new transhipment facilities.
The commission says it found the scheme beneficial to the environment and is in line with the objectives of the European Green Deal.
Amid an increasingly complex global trade environment, the China-Europe freight trains have evolved beyond a logistics service to become a stabilizer of Eurasian trade
The paths of the COVID-19 pandemic and the recovery of the global economy remain impossible to predict. But it is becoming increasingly clear that, disruptive impact on international trade will leave a lasting mark. Companies should take a fresh, holistic view of the markets and trade relationships that are likely to drive growth and secure competitive advantage in the post-COVID-19 world.
