AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Marco Polo 2 funding is open to private and public

8th May 2008, Page 29
8th May 2008
Page 29
Page 29, 8th May 2008 — Marco Polo 2 funding is open to private and public
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

undertakings from EU countries or "fully participating close third countries' that have specific agreements with the EU. Projects must have a European dimension and cover an international route involving only the EU or the EU and a close third country. The project must have at least two participants from different countries, one of which must be an EU state. In exceptional cases, one member state may be enough.

Invitations to apply for funding will be published in the first quarter of the year on the Marco Polo homepage (see contact panel) and the EC's Official Journal. Only modal shifts off road are eligible — shifts from inland waterway to rail will not qualify.

Five types of initiative qualify: • Modal shift actions aid start-up services or develop an existing service with the aim of shifting freight off the road, The maximum subsidy is €1 per 500 tonne-kilometres (t-km) shifted off the road with a minimum threshold of €500,000 (£391,000), thus at least 250 million t-km must be shifted over the length of the contract. The subsidy can be up to 35% of eligible costs and is available for three years.

Catalyst actions are highly innovative projects, aiming to achieve a real breakthrough, and must achieve modal shift. The minimum subsidy threshold is €2m (£1.56m) and 35% of eligible costs can be awarded for up to five years.

• Common learning actions have the objective of mutual training or the exchange of information to help cope with an increasingly complex transport and logistics market. The minimum subsidy threshold is €250,000 (£196,000); the maximum subsidy is 50% of eligible costs and is available for two years. The project must innovate on a European level.

• Motorways of the sea aim to shift freight from road to short sea shipping or a combination of shipping with other transport modes. The maximum subsidy is €1 per 500t-km shifted off the road; the minimum threshold is €2.5m (£1.96m), thus at least 1.25bn t-km must be shifted over the length of each contract. The subsidy can be up to 35% of eligible costs and is available for five years.

• Traffic avoidance actions aim to integrate transport into production logistics to reduce road transport. The minimum threshold is €1m (£780,000) or at least 500 million t-km or 25 million vehicle-kilometres (v-km) of freight traffic avoided. There is a maximum subsidy of €1 for avoidance of every 500t-km or 25v-km of road freight. The maximum subsidy rate is 35% of eligible costs for five years. The project must lead to a sustainable traffic reduction of at least 10% of freight volume.