CEF was created to accelerate the development of transport infrastructure across the EU. European Regional Development Fund and Cohesion Fund interventions are planned in close cooperation with the support provided from the CEF, to ensure complementarity and avoid duplication of efforts.
The total budget for CEF Transport is €24.05 billion for the period 2014-2020 and INEA is the gateway to most of this fund.
In 2019, the European Commission (EC) together with the European Investment Bank (EIB) launched a new CEF Transport Blending Facility, serving as a pilot for the next financial period. This is an innovative financial instrument to support projects contributing to the environmental sustainability and efficiency of the transport sector in Europe. With an initial budget of EUR 200 million from the EU budget, the Facility will finance investments in the European Railway Traffic Management System (ERTMS) and in Alternative Fuels infrastructure, leveraging funds from the EIB, National Promotional Banks and private sector.