On 16 November 2020, the Government Office for Development and European Cohesion Policy approved EU funding for the project of safety and technical upgrade of the Karavanke railway tunnel. This project is encompassing the upgrade of a about 6.1 km railway tunnel and line with a total value of 79.3 million. EU’s Cohesion Fund is contributing EUR 49.2 million. through the “Operational Programme for the Implementation of the EU Cohesion Policy” for the 2014-2020 programming period.