European Commission adopts proposal for Connecting Europe Facility (CEF)
Creation date: 19 October 2011
The European Commission adopted today its proposal for a Connecting Europe Facility (CEF), a specific fund dedicated to financing infrastructure works and studies throughout Europe in the next Multi-Annual Financial Framework (2013-2020).
The instrument, which will have a total budget of €50 billion, will be divided in:
- €9.1 billion for energy projects
- €9.2 billion for telecommunications/digital projects
- €21.7 billion for transport projects
Additionally, €10 billion will be earmarked in the Cohesion Fund for transport projects, bringing the total for the sector to €31.7 billion.
In the area of transport, the new instrument seeks to transform the existing patchwork of European roads, railways, airports and canals into a unified trans-European transport network (TEN-T).
To find out more, read the specific press release issued by the European Commission or visit the Directorate-General for Mobility and Transport’s page on the topic.
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