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€7.6 billion of European Investment
€7.6 billion of European Investment to Support Key Transport Projects
by European Commission Press Office

The European Commission is launching the second call for proposals of the Connecting Europe Facility, with more than €7.6 billion of investment to finance transport projects.

The Commission is taking further action to stimulate investment in Europe by launching the second call for proposals of the Connecting Europe Facility (CEF) endowed with more than €7.6 billion to finance key transport projects. €6.5 billion is earmarked for projects in Member States eligible to the EU Cohesion Fund in order to better integrate these countries into the internal market. Along with the Investment Plan and in particular the new European Fund for Strategic Investments (EFSI), the CEF aims at bridging the investment gap in Europe to kick-start growth, a priority of President Jean-Claude Juncker.

EU Commissioner for Transport Violeta Bulc added, "Efficient, intelligent and sustainable transportation is essential to Europe's competitiveness. With this new CEF call, the commission are are not only looking for waterway or rail projects; we are aiming at creating jobs and boosting growth. The focus on the Cohesion states also reflects our willingness to better interconnect Europe and move towards a deeper internal market, another priority of the Commission."

This year's call for proposal has a special focus on innovative transport. Under the general envelope, a €1.09 billion fund is available to all 28 Member States. This fund has been committed to projects including Motorways of the Sea, transport infrastructure in nodes of the core network and the development of multimodal logistics platforms. Support will be granted on a competitive basis in the form of EU co-financing, following a thorough evaluation and selection process. Applicants have until 16 February 2016 to submit their proposals. The outcome of the calls will be published by summer 2016.

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 are earmarked for projects in Member States eligible to the Cohesion Fund.

For more information log onto the multi-annual work programme as outlined on the IMEA web portal: https://ec.europa.eu/inea/connecting-europe-facility/cef-transport/apply-funding/2015-cef-transport-calls-proposals

Source: European Commission Press Office

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