MEPs vote for an increased CEF-Transport funding

On November 22, the Industry, Research and Energy (ITRE) Committee and the Transport and Tourism (TRAN) Committee voted to renew the Connecting Europe Facility for the 2021-2027 period to ensure continued development of trans-European transport, energy and telecom networks.

The two Committees voted to increase the budget by almost EUR 6 billion compared to the Commission’s proposal, focusing on transport projects as “CEF transport funds should go towards the completion of the TEN-T corridor, bringing better connectivity and accessibility to citizens across Europe,” Rapporteur Marian-Jean Marinescu said.

MEPs want the CEF fund to receive EUR 43.85 billion in constant prices, with EUR 33.51 billion for transport, including an envisaged transfer of EUR 10 billion (EUR 11.26 in current prices) from the Cohesion Fund. While EUR 5.77 billion (EUR 6.5 billion in current prices) of transport project funding should go towards projects that can adapt the TEN-T networks with a view to enabling civilian-defence dual use of infrastructure, contributing to the development of the Defence Union.

EUR 7.68 billion (EUR 8.65 billion in current prices) of the total CEF funding should go to energy network projects, including cross-border projects in the field of renewable energy and EUR 2.66 billion (EUR 3 billion in current prices) to digital network development.

 


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