EU backs investment plan for transport, R&D
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15/12/2003
European Union heads of state and governments endorsed a multi-billion dollar plan to encourage public and private investment into transport and research projects in a bid to revitalize the bloc's economy. EU leaders gave their blessing to a $75 billion "quick start" list of priority projects to be launched over the next three years and funded through a combination of EU and national funds, European Investment Bank loans and private money.