TRANSPORT SECTOR AND TELECOMMUNICATIONS SECTOR IN EUROPE
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, Transport Sector and Telecommunications Sector in Europe 2
Transport Sector and Telecommunications Sector in Europe
Industry Structures and Main Financing Mechanisms
The Transport Sector
In Europe, the transport network is regarded as the backbone of economic development.
It serves the diverse aspects of the economy. According to Brueckner (2011, p.64), the transport
system in Europe is a complex system with immense influence on the region's multiple variables
such as product process organization, the consumption among the population, and the region's
capacity infrastructure, and the settlement patterns. Well-throughout, fully and sustainable
interconnected transport networks and systems exist in Europe. They connect diverse member
states, making these networks the most important condition for collecting and completing every
market in the region (Brueckner, 2011, p.64). The European transport industry's structure entails
diverse transport systems that feed the needs, populations, and others. According to Waddell
(2002, p.297), the European transport system's structure has allowed for seamless passengers and
freight transportation through diverse modes such as railways, airport transport, seas transport,
and road transport systems. Brueckner (2011, p.64) states that it is also highly operatable with
the seamless ability of goods and services and human portability. They are highly integrated and
coordinated with a high level of accessibility.
The transport industry in Europe is financed in diverse ways by diverse players.
According to Brueckner (2011, p.66), the transport industry's financial needs in Europe are
immense, which means that its financing has to be done collaboratively through numerous
funding organizations, initiatives, and programmers. Rutherford and van Nieuwkoop (2011,
p.144) indicate that the primary method of funding the transport sector in Europe is through