Connecting Europe Facility 2021-2027March 15, 2021
Hat: Commission welcomes agreement on the CEF instrument to fund greener, more sustainable transport and energy networks, and digitalisation
The European Commission welcomes the agreement reached by the European Parliament and the Council on the Connecting Europe Facility (CEF) proposal, worth €33.7 billion, as part of the next long-term EU budget 2021-2027.
The CEF financial contribution comes mainly in the form of grants, with different co-financing rates depending on the project type.
Under CEF Transport, €25.8 billion will be made available for grants from the EU’s 2021-2027 budget to co-fund transport projects in EU Member States.
Under CEF Energy, €5.8 billion will be made available to co-fund projects of common interest under the TEN-E Regulation as well as cross-border projects in the field of renewable energy.
CEF Digital will invest €2 billion in European connectivity infrastructures and will stimulate the deployment and take-up of fifth-generation of mobile (5G) networks by local communities.
The CEF will contribute largely to the Green Deal objectives to promote greener and more sustainable trans-European transport and energy networks as well as digitalisation.