Connecting Europe Facility allocates funds for transport infrastructure
The Connecting Europe Facility (CEF) was allocated funds amounting to €25.8 billion ($30.4 billion) to support investment in transport infrastructure. A total of €11.3 billion was earmarked for countries eligible to receive support from the Cohesion Fund.
Deal Analysis
- €25.8 billion investment in transport infrastructure across the European Union.
- €11.3 billion earmarked for countries eligible for Cohesion Fund support.
- Funded by the European Commission through the Connecting Europe Facility (CEF).
- Aims to improve connectivity, trade, and mobility within the EU.
Source Intelligence
The 45 European transport organizations are urging EU decision-makers to increase the funding allocated to the CEF to more than €100 billion. Quote: Looking ahead, the 45 European transport organisations that signed this open letter are urging EU decision-makers to increase the funding allocated to the CEF to more than €100 billion.
"A coalition of 45 European transport organisations, including the Association of European Vehicle Logistics (ECG), the European Automobile Manufacturers' Association (ACEA) and the European Association for Forwarding, Transport, Logistics and Customs Services (CLECAT), have issued an open letter to the European Commission and EU member states, encouraging them to increase the budget for improving transport infrastructure."
"A coalition of 45 European transport organisations, including the Association of European Vehicle Logistics (ECG), the European Automobile Manufacturers' Association (ACEA) and the European Association for Forwarding, Transport, Logistics and Customs Services (CLECAT), have issued an open letter to the European Commission and EU member states, encouraging them to increase the budget for improving transport infrastructure."
"A coalition of 45 European transport organisations, including the Association of European Vehicle Logistics (ECG), the European Automobile Manufacturers' Association (ACEA) and the European Association for Forwarding, Transport, Logistics and Customs Services (CLECAT), have issued an open letter to the European Commission and EU member states, encouraging them to increase the budget for improving transport infrastructure."
"The letter’s signatories called upon the European Commission and EU member states to “ensure sufficient EU budget for transport under the future Multi-Annual Financial Framework (MFF) and particularly to increase the budget of the future Connecting Europe Facility (CEF) to at least €100 billion ($117.7 billion)”"
"The letter’s signatories called upon the European Commission and EU member states to “ensure sufficient EU budget for transport under the future Multi-Annual Financial Framework (MFF) and particularly to increase the budget of the future Connecting Europe Facility (CEF) to at least €100 billion ($117.7 billion)”"
Global Infrastructure Sherpa