25 August 2021
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.