Last Wednesday 7th July 2021, the European Parliament adopted the upgraded Connecting Europe Facility (CEF) programme.
The CEF is structured around three pillars :
- transport (to support cross-border projects) : around €23 billion
- energy (to make energy networks more interoperable) : around €5 billion
- digital (to support the development of projects of common interest) : around €2 billion.
The CEF will ensure that essential Trans-European projects, such as Rail Baltica, alternative fuels charging infrastructure and the roll out of 5G coverage to important transport axes are finished on schedule by 2030.
MEPs succeeded in earmarking 60 percent of CEF funds for projects that help achieve the EU’s climate objectives, while 15 percent of energy pillar funds will go to cross-border renewable energy projects.