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Thursday, October 13, 2016

€ 1.9 billion in grants in the field of European transport

Transport, Local development, Industry, Innovation,-,

News The Connection Europe Facility programme (CEF) aims to create funding from the European Union to accelerate investment in transport infrastructure projects, telecommunications and energy in order to stimulate economic growth.

The European Commission launched the third round of calls for proposals under the Connecting Europe Facility (CEF) for transport, making €1.9 billion available to finance key transport projects. €1.1 billion are earmarked for projects in Member States eligible for financing from the EU Cohesion Fund, in order to better integrate these countries into the internal market. Along with the Investment Plan presented by the Commission in November 2014 – and in particular the new European Fund for Strategic Investments (EFSI) , the CEF aims at bridging the investment gap in Europe to boost growth and job creation, a priority of President Jean-Claude Juncker.

Source :  Mobility and Transport


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