Europe's construction market has suffered a slowdown since the financial crisis of 2008, and the region's governments are now prioritising their investments they do make to target the most crucial projects with the highest development impact. But utility construction contractors can allow themselves to be cautiously optimistic on the prospects for the sector in the long term, after positive signals in the European Commission's (EC) budget plans. High energy demand and the need to modernise existing facilities have prompted the EC to propose establishing a €50 billion fund for digital and energy transmission and piping networks, as well as transport infrastructure, from 2014 to 2020.
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