Under the Connecting Europe Facility for 2021-2027, the European Commission has proposed a EUR 30.6 billion investment to support the European infrastructure transport network. EUR 11.3 billion will be reserved for Member States eligible to the cohesion fund.
In addition, CEF will also support civilian-military dual use transport infrastructure with EUR 6.5 billion, to adapt Europe’s transport network to military requirements and to improve military mobility in the EU.
As part of the next long-term EU budget, the CEF total proposed value is EUR 42.3 billion, of which EUR 8.7 billion investment should support energy sector and EUR 3 billion, the digital segment.
Comparing to the currently MFF, this budget represents a 47% increase, “showing the EU’s commitment to a well-connected and integrated Union where citizens and businesses can fully benefit from free movement and the single market.”
The CEF will support smart, sustainable, inclusive, safe and secure mobility, and will help the decarbonisation of transport by prioritising environmentally friendly modes, such as rail transport, and the development of charging points for alternative fuels.
For 2021-2027, the Commission is proposing to strengthen the environmental dimension of the Connecting Europe Facility, with a target of 60% of its budget contributing to climate objectives. This will help reinforce the Energy-Union, fulfil the EU’s commitments under the Paris Agreement and consolidate Europe’s global leadership in the fight against climate change.
“Transport is an area where the EU brings concrete benefits to its people, and today we are proposing an unprecedented budget to improve mobility across our continent,” Commissioner for Transport, Violeta Bulc said.
In addition, under EU budget 2021-2027, the Commission proposed to create the InvestEU Programme, bringing EU budget financing in the form of loans and guarantees under one roof. The new programme will consist of the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund will support four policy areas: sustainable infrastructure; research, innovation and digitisation; small and medium-sized businesses; and social investment and skills.
The Commission is proposing to earmark EUR 15.2 billion from the EU Budget to provide a EUR 38 billion guarantee. Under the InvestEU Fund, a EUR 11.5 billion investment will be provided for sustainable infrastructure, EUR 11.25 billion for research, innovation and digitization, EUR 11.25 billion for SMEs and EUR 4 billion for social investment and skills.