Over forty stakeholders from the transport and related sectors jointly unveiled the Ljubljana Declaration, asking for an increased EU budget for the Connecting Europe Facility (CEF) under the post-2020 Multiannual Financial Framework (MFF). This is needed to facilitate the completion of the TEN-T network. The required funding amounts to EUR 500 billion between 2021 and 2030, the declaration stated on the occasion of the 2018 TEN-T Days in Ljubljana.
The Multiannual Financial Framework (MFF) is a seven-year financial framework regulating the annual budget of the European Union. The Connecting Europe Facility (CEF) is considered to be the core financial instrument for the transport sector.
“The Connecting Europe Facility offers the best guarantee to deliver high EU added value in the transport sector, and provides an opportunity to finance the actual deployment of sustainable transport projects. An increased EU budget for CEF under the next Multiannual Financial Framework will ensure the completion of the TEN-T core network by 2030”, CER Executive Director Libor Lochman said.
Under the current MFF (2014-2020), EUR 21.3 billion in transport funds were allocated, this accounting for ninety per cent of the CEF budget, according to Petri Sarvamaa, Vice-Chair of the Budget Committee at European Parlement. “This EUR 21.3 billion triggered EUR 41.6 billion in investments in the transport sector.”
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