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€13 bn requested for EC transport funds

By News Editor / Updated: 23 Feb 2016

The European Commission has received funding applications worth almost €13 bn for mobility projects which will close gaps between member states’ transport networks and connect the whole continent.

The Commission and the Innovation and Networks Executive Agency (INEA) have closed the second call for proposals of the Connecting Europe Facility (CEF), worth more than €7.6 bn to finance key transport projects in the European Union.

Some 427 project proposals were received, totalling €12.96 bn of requested EU funding.

An optimal use of CEF funding is an integral part of the Commission's Investment Plan and delivers on President Jean-Claude Juncker's agenda of growth and job creation. The applications having the highest European added value will be shortlisted.

EU Commissioner for Transport Violeta Bulc said: ‘I am glad that so many project promoters are eager to invest in efficient, intelligent and sustainable transportation. The CEF may be the largest funding instrument ever dedicated to transport by the EU, it nevertheless cannot match this enthusiasm.

‘I therefore encourage all applicants and other project promoters to also publish their project on the European Investment Project Portal to reach potential investors worldwide.’

For more information visit the INEA newsroom.

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