Connecting Europe Facility (CEF)

Connecting Europe Facility (CEF)

Thursday, 13 September 2018

As part of the EU’s Multi-Annual Financial Framework (MFF) setting the EU’s budget for the period 2021-2027, the European Commission on the 6th of June 2018 proposed a new budget for the Connecting Europe Facility (CEF) of EUR 42.3 billion. The CEF is the implementing tool of the TEN-T network as defined in Regulation 1315/2013. It plays a vital role in funding the development of transport infrastructure in the EU, including completing the core network by 2030 and the comprehensive network by 2050. The core network aims to remove transport bottlenecks, build missing cross-border connections and promote modal integration and interoperability.

The CEF is also an important tool for achieving policy objectives such as greening transport and achieving efficiency gains through enhanced interoperability, and to correct certain market failures, for example for projects with significant societal benefits which do not receive adequate financing from the market. The latter is especially important for the rail sector as most rail projects do not generate sufficient revenues to cover total investment costs. Typically, only 10-20% of the overall costs of a rail project can be generated through extra cash flows or savings. On the other hand, the socio-economic profitability of these projects, in terms of their positive impact on reduced greenhouse gas emissions, pollution, and increased safety, is very important.

Investment in rail infrastructure creates EU-added value by directly contributing to the common European objectives of decarbonisation, digitalisation, and increased competitiveness. It supports the creation of the single market with increased mobility of citizens and goods, as well as seamless mobility and accessibility for all users, in particular elderly people, persons of reduced mobility and passengers with a disability. Furthermore, it directly contributes to economic growth, jobs and cohesion.

 

Commission proposal and related links

www.ec.europa.eu/commission/publications/connecting-europe-facility-digital-europe-and-space-programmes_en

 

Related CER and joint press releases & publications

CER position paper Commission Proposal on Connecting Europe Facility (September 2018)

CER fact sheet The Connecting Europe Facility (CEF) and its wider benefits (August 2018)

CER press release Rail sector calls for EU budget that ensures the digital transformation of transport (August 2018)

CER press release New CEF to continue delivering European added value (June 2018)

CER press release CER endorses Declaration for more investment in clean and modern transport (April 2018)

Joint declaration Ljubljana Declaration by the stakeholders of the CEF Transport Campaign (April 2018)

CER-EIM position paper A sufficient EU budget for the best rail system in Europe (February 2018)

CER fact sheet The future of transport investments - What MFF do we need? (February 2018)

CER press release The future of transport investments - What MFF do we need? (January 2018)

Joint press release More EU budget for transport (September 2017)

Joint flyer More EU budget for transport (September 2017)

 

#MoreEUbudget4transport campaign

www.moreeubudget4transport.org