{"id":39154,"date":"2022-06-07T14:28:10","date_gmt":"2022-06-07T12:28:10","guid":{"rendered":"https:\/\/efecomunica.efe.com\/spanish-govt-provides-7-6-billion-euros-for-direct-investments-in-mobility\/"},"modified":"2022-06-07T20:39:13","modified_gmt":"2022-06-07T18:39:13","slug":"spanish-govt-provides-7-6-billion-euros-for-direct-investments-mobility","status":"publish","type":"post","link":"https:\/\/efecomunica.efe.com\/en\/spanish-govt-provides-7-6-billion-euros-for-direct-investments-mobility\/","title":{"rendered":"Spanish gov\u2019t invests \u20ac7.6 billion in mobility"},"content":{"rendered":"

Madrid, Jun 7 (EFE).- The Spanish government has already mobilized more than 7.6 billion euros from its post-pandemic recovery plan to boost direct investments in transport and mobility, a sector undergoing a transformation as it faces the challenge of sustainability, according to Spain\u2019s Minister of Transport, Mobility and Urban Agenda, Raquel S\u00e1nchez.<\/p>\n

S\u00e1nchez spoke to Efe about the plan, adding that the transformation process is being accelerated by the continuous rise in fuel prices, which are at a record high.<\/p>\n

Infrastructure Development<\/h2>\n

Sanchez said that 11 billion of the 16 billion received by her ministry from the Next Generation Funds (made available by Brussels to accelerate the recovery after the pandemic) are to be used to address changes in the current transport model through the development of infrastructure that facilitate safe mobility.<\/p>\n

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Of this amount, the ministry has already mobilized 7.6 billion for direct investments in transport and mobility, has allocated more than 2.5 billion and has another 4 billion in the tender process.<\/p>\n

One objective of the transformation process is for transport and logistics to go from currently representing 10 percent of GDP to 15 percent.<\/p>\n