Funding
The funding for the Brenner Base Tunnel, a key project in Europe's transport policy, comes from Austria, Italy and the European Union.
59% will be spent on shell construction, 18% on equipment, 10% on planning, provision of services and internal costs, 1% on land matters and 12% is reserved for risk provisioning.
Austria, Italy and the European Union are all contributing towards financing the European Brenner Base Tunnel key project.
Risk provision is estimated at 1.092 billion EUR (price basis 01/01/2023)
The costs for the Brenner Base Tunnel are borne equally by Austria and Italy, and it should be noted that the Brenner Base Tunnel is one of the most highly funded infrastructure projects in Europe. A significant proportion of the funding comes from the EU's Connecting Europe Facility (CEF) programme, which supports the expansion of efficient transport infrastructure.
To date, the European Union's total contribution to the BBT project amounts to around 2.3 billion euros. This co-financing covers up to 50 % of the project costs to date and thus significantly reduces the financial burden for Austria and Italy.
EUfunding is awarded via calls for tenders open to projects for the trans-European transport network (TENT). BBT SE will continue to participate in these tenders in future in order to receive further funding.
To ensure the correct and efficient use of EUfunds, various institutions continuously monitor the progress of projects and the utilisation of funds. These include the European Commission, CINEA ( European Climate, Infrastructure and Environment Executive Agency), the European Court of Auditors and the relevant ministries in Austria and Italy.