Today the Commission is further
delivering on its top priority of creating jobs and boosting growth in Europe,
by unveiling a record €13.1 billion investment plan in 276 transport projects,
selected under the Connecting Europe Facility (CEF). This investment will
unlock additional public and private co-financing for a combined amount of
€28.8 billion. Along with the future European Fund for Strategic Investments
(EFSI), the CEF will play a major role in bridging the investment gap in
Europe, which is one of the Commission's top priorities. Beyond transport, it
will benefit the European economy as a whole by creating more favourable
conditions for growth and jobs.
EU
Commissioner for Transport Violeta Bulc said, "Today,
I am very pleased to propose the largest investment plan ever made by the EU in
the transport area. The projects we selected will serve citizens and businesses
alike, by upgrading infrastructure and removing existing bottlenecks. They will
also promote sustainable and innovative mobility solutions. This unprecedented
investment represents a major contribution to the Commission’s agenda of growth
and job creations. Implementing the trans-European transport network could
create up to 10 million jobs and increase Europe’s GDP by 1.8% by 2030”.
Selected projects are primarily located in the core trans-European
transport network. Among the beneficiaries are flagship initiatives such as
Rail Baltica, the Brenner Base Tunnel, the Seine-Escaut waterway, the Caland
Bridge and the Fehmarn Belt Fixed Link. Smaller-scale initiatives include
cross-border projects between Groningen and Bremen, the Iron Rhine rail line,
LNG (Liquefied Natural Gas) deployment plans or projects enhancing the
navigability of the Danube River.
Launched
in September 2014, the CEF calls for proposals generated an unprecedented interest.
The Commission received 700 applications totalling €36 billion of requested
funding, three times more than the available envelope. This allowed the
Commission to select the projects with the highest European added value, while
guaranteeing a balanced distribution geographically and between the transport
modes. In particular, nearly €4.8 billion have been earmarked for Member States
eligible for Cohesion Funds. Contribution to other Commission priority actions,
such as the Energy Union or the Digital Single Market, was also evaluated
during the selection process.
The EU's financial contribution is made in the form of grants, the
co-financing rate of which is between 20% and 85% of a given project, depending
on its type.
Next steps
The
proposed funding decision must now be formally adopted by the Connecting Europe
Facility Committee, which will meet on 10 July 2015. The individual grant
agreements will then be prepared by the Innovation and Networks
Executive Agency (INEA)
and signed with the project beneficiaries in the second half of 2015.
Background
Under
the Connecting Europe Facility (CEF), €24.05 billion will be made available
from the EU’s 2014-2020 budget to co-fund TEN-T projects in the EU Member States. Of
this amount, €11.305 billion will be available only for projects in Member
States eligible for the Cohesion Fund. Annual and multi-annual work
programmes specify the
set of priorities and the total amount of financial support to be committed for
each of these priorities in a given year. 2014 has been the first programming
year under the CEF.
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