European Commission gets go-ahead for €6.7 billion investment in transport projects

The EU Member States today formally approved the list of 195 transport projects that will receive €6.7 billion of EU funding under the 2015's calls for proposals of the Connecting Europe Facility (CEF).

This list had been put forward by the Commission on 17 June. Along with the Commission's Investment Plan, the CEF is instrumental in bridging the investment gap in Europe and stimulate the EU's economy. The investment confirmed today by the Member States will unlock additional public and private co-financing for a combined amount of €9.6 billion, and is expected to create up to 100,000 jobs by 2030.

Commissioner for Transport Violeta Bulc said, "I am glad we have the support of the Member States for our multi-billion investment in 195 priority transport projects. The bulk of this funding has been allocated to central and eastern Europe, which will help bridge the deployment gap between EU regions. In doing so, the Connecting Europe Facility contributes to better, greener and safer transport all across Europe."

Individual project grant agreements will now be prepared by the Innovation and Networks Executive Agency (INEA) and signed with the project beneficiaries by the end of the year.

European Commission

Transport directly affects everyone in Europe. Whatever age we are, and whatever activities we undertake, transport and mobility play a fundamental role in today’s world. The aim of the Commission is to promote a mobility that is efficient, safe, secure and environmentally friendly and to create the conditions for a competitive industry generating growth and jobs. The issues and challenges connected to this require action at European or even international level; no national government can address them successfully alone. The European Commission’s Directorate-General for Mobility and Transport works in concert with the European Union Member States, European industry, citizens and stakeholders.