Skip to main content

EU to fund large-scale transport infrastructure

The European Commission is taking further action to stimulate investment in Europe by launching the second call for proposals of the Connecting Europe Facility (CEF) with more than US$8.2 billion to finance key transport projects. US$7 billion is earmarked for projects in member states eligible for the EU Cohesion Fund, in order to better integrate these countries into the internal market. Along with the Investment Plan presented by the Commission in November 2014, and in particular the new European Fund
November 6, 2015 Read time: 2 mins
The European Commission is taking further action to stimulate investment in Europe by launching the second call for proposals of the Connecting Europe Facility (CEF) with more than US$8.2 billion to finance key transport projects. US$7 billion is earmarked for projects in member states eligible for the EU Cohesion Fund, in order to better integrate these countries into the internal market.

Along with the Investment Plan presented by the Commission in November 2014, 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 and job creations, a priority of President Jean-Claude Juncker.

Vice-President Jyrki Katainen, responsible for jobs, growth, investment and competitiveness, said: "An optimal use of the Connecting Europe Facility instruments is an integral part of the Commission's Investment Plan. Transport infrastructure is in dire need of investment and today's announcement of more than US$8.2 billion to finance key transport projects is excellent news."   

EU Commissioner for transport Violeta Bulc added, "Efficient, intelligent and sustainable transportation is essential to Europe's competitiveness. With this new CEF call, we are not only looking for waterway or rail projects; we are aiming at creating jobs and boosting growth."
UTC

Related Content

  • March 28, 2012
    EU hopes for private investment in planned €1.77 trillion infrastructure spending
    Securing sufficient funding to complete truly European infrastructure projects is the major challenge lying ahead of EP's three co-rapporteurs on the Commission's proposal of a new funding instrument for Trans European transport, energy and ICT networks. The first joint meeting of TRAN and ITRE members to discuss the Connecting Europe Facility (CEF) took place on yesterday. TRAN-members Dominique Riquet (France) and Inés Ayala-Sender (Spain), and Adina Ioana Valean (Romania) from the committee for Industry,
  • May 25, 2016
    EU Transport Commissioner encourages cross-border cooperation
    Opening the 2016 General Assembly of the European Innovation Partnership (EIP) on Smart Cities and Communities (EIP SCC) which aims to improve urban life through more sustainable integrated solutions in transport, energy and ICT sectors, European Transport Commissioner Violeta Bulc challenged cities and companies to cooperate across borders, to accelerate and scale investment. She said: "Cleaner air, safer transport networks, reducing congestion, optimising use of existing infrastructure – these are just
  • September 30, 2016
    Transport MEPs call for boost in development of transport infrastructure
    Improvements in maximising the use of EU funding are needed to reduce disparities in infrastructure development between Central and Eastern Europe and the rest of the EU, MEPs say in an own-initiative report voted in the Transport and Tourism committee on Monday. EU member states and the European Commission should focus on completing the TEN-T corridors, bridging missing links, removing bottlenecks and improve connections between different modes of transport. To date, most of the transport infrastructure
  • July 29, 2021
    EU mobility’s Covid escape route
    European Union roads could be more resilient after the pandemic ends, thanks to the goal of creating a more integrated mobility network, says ERF’s José Diez