Connecting Europe Facility - conference -->
Connecting Europe Facility: Commission adopts plan for €50 billion boost to European networks (Reference: IP/11/1200): "Brussels, 19 October 2011 - The European Commission has today tabled a plan which will fund €50 billion worth of investment to improve Europe's transport, energy and digital networks. Targeted investments in key infrastructures will help to create jobs and boost Europe's competitiveness at a time when Europe needs this most. The "Connecting Europe Facility" will finance projects which fill the missing links in Europe's energy, transport and digital backbone. It will also make Europe's economy greener by promoting cleaner transport modes, high speed broadband connections and facilitating the use of renewable energy in line with the Europe 2020 Strategy. In addition the funding for energy networks will further integrate the internal energy market, reduce the EU's energy dependency and bolster the security of supply. To assist with the financing of the Connecting Europe Facility, the Commission has also adopted the terms for the Europe 2020 Project Bond Initiative which will be one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects. The pilot phase will start already next year.
Connecting Europe: Transport
The Connecting Europe Facility will invest €31.7 billion to upgrade Europe's transport infrastructure, build missing links and remove bottlenecks.
This includes €10 billion ring fenced in the Cohesion Fund for transport projects in the cohesion countries, with the remaining 21.7 billion available for all Member States for investing in transport infrastructure.
The idea is to improve links between different parts of the EU, to make it easier for different countries to exchange goods and people with each other.
By focussing on transport modes that are less polluting, the Connecting Europe Facility will push our transport system to become more sustainable. It will also give consumers more choice about how they want to travel.
Transport systems in Europe have traditionally developed along national lines.
The EU has a crucial role to play in coordinating between Member States when planning, managing and funding cross-border projects. A well-functioning network is essential to the smooth operation of the single market and will boost competitiveness.
The Commission proposed to create corridors to cover the most important cross-border projects. It has estimated that by 2020, €500 billion will be needed to realise a real European network, including €250 billion for removing bottlenecks and completing missing links in the core network." -->
Connecting Europe: The new EU core transport network (MEMO/11/706):
"Q: How do I see which transport projects will be funded for my country?
A: The list of projects that have been identified as a priority for EU funding for the next financing period (2014–2020) are set out in the annex to the Connecting Europe Regulation – see annex attach to this MEMO.
These projects are eligible for EU transport funding for 2014–2020 because:
they meet the criteria set out in the methodology to be on the core network (see below for more information on the methodology and criteria)
they have high EU value added
and are mature for implementation between 2014 and 2020
It will be up to the Member States to submit detailed proposals to the Commission and on that basis funding will allocated. This should happen as of early 2014. The precise level of EU funding available also depends on the details for the national proposals. Overall, the EU contribution to a major transport infrastructure development will normally be around 20% of the investment costs for any 7-year budget period. Support for individual studies can be up to 50 % and for studies and construction work in the case of cross-border projects up to 40%. The rest is from Member States, regional authorities or possibly private investors."
Kus see annex on ja kas max abi on vähem kui loodetud?