2. TransportTransport
General context
Level of infrastructure investment historically low in EU
Constraints on public budget
Adverse impact on growth, job creation and long-term
competitiveness of EU economy
High level of investment needs in transport
Expected growth in world trade and passenger traffic
Investments for the greening of transport
Private investors looking for investments opportunities
High level of liquidity on the capital markets
But risks and uncertainties
European Commission pushes for increase of public and
private investments in infrastructure
3. TransportTransport
TEN-T framework
Strategic framework
White Paper for Transport - goals for 2030 and 2050
Policy framework
TEN-T Guidelines (Regulation No 1315/2013)
Funding framework
Connecting Europe Facility (Regulation No 1316/2013)
European Structural and Investment Funds
European Fund for Strategic Investments
International Financial Institutions
Instrument for Pre-accession Assistance (Western Balkans)
4. TransportTransport
Connecting Europe Facility
One instrument – three sectors
Financing framework
2014-2020
Policy frameworks
(setting priorities for
2030, 2050)
Regulation (EU) 1316/2013, adopted together with the
Regulation 1315/2013 on the TEN-T Guidelines
8. TransportTransport
CEF Transport: "Cohesion envelope"
€11.3 bn transferred from the Cohesion Fund to the CEF
Grants exclusively for transport projects with high EU added value in
Member States eligible for the Cohesion Fund
Binding national allocations between 2014 – 2016
Higher co-funding rates (up to 85%)
Pre-identified projects on the Corridors and other sections of the Core
network:
• Rail and inland waterways
• Cross-border, missing links, bottlenecks
• Horizontal priorities
Programme Support Actions
• Technical assistance, capacity building
10. TransportTransport
CEF grants: direct management
• By European Commission
• assisted by Innovation and Networks Executive
Agency (INEA)
• Communication of the Commission of January 2014
• Funding priorities
• Annual and Multiannual Work Programmes
• March 2014
• Framework, priorities and available funding
• Evaluation and selection of projects
• Competitive calls for proposals
12. TransportTransport
CEF 2014 call for proposals - Grants
• The multi-annual work programme (MAP)
• € 11 billion total
• € 4 billion from the Cohesion envelope
(exclusively for the Member States eligible for the Cohesion Fund)
• Only for projects pre-identified in Annex I of CEF
• Core Network Corridors, other sections on the TEN-T core network
• Horizontal priorities: ERTMS, Innovation, Interoperability,
Motorways of the Sea…
• The annual work programme (AP)
• € 930 million
• Other projects on the core network
• Comprehensive network
• Connections with neighbouring countries
• Specific priorities which complement action under the MAP
13. TransportTransport
First CEF call for proposals
Timeline
September 2014 3 March 2015 March- June 2015
Launch of the call Call closed
(see statistics on next
slide)
Evaluation (external,
internal, ISC)
29 June 2015 6 July 2015 10 July 2015
Member States and
European
Parliament are
informed of the
results
Midday press briefing
Discussion in
EP TRAN Commitee
Member States vote in
CEF Commitee
Communication to
the media
Coming up
14. TransportTransport
CEF Call
2014
Number
of
projects
Requested
funding
(€ million)
Indicative
budget
(€ million)
Oversubscription
Annual Call 211 7,106.4 930 7.64 times
Multi-annual call
Cohesion envelope
(all priorities)
84 7,501.3 4,000 1.88 times
Multi-annual call
Objective 1:
Corridors, Core
network, ERTMS
50 20,216.2 6,000 3.37 times
Multi-annual call
Objective 2:
Innovation,
safe&secure infrastr.
57 379.6 250 1.52 times
Multi-annual call
Objective 3:
SESAR, RIS, ITS,
Urban nodes, logistic
platforms
133 1,449 750 1.93 times
Total 735 36,652.4 11,930 3.07 times
15. TransportTransport
CEF innovative financial instruments & EFSI
• Full eligibility of TEN-T for CEF Financial Instruments
• The whole TEN-T network, Core & Comprehensive
• All projects eligible under TEN-T Guidelines
• Ground and on-board components of traffic
management systems or alternative propulsion
systems
• Full eligibility of European transport infrastructure under
EFSI
• TEN-T and beyond, including urban projects
• Equipment and innovative technologies
By 2030:
A fully functional multimodal TEN-T ‘core network’
Connect all core seaports to the rail freight network
30% of road freight over 300km shift to rail or waterborne transport
By 2050:
60% reduction of CO2 for transport sector
A European high-speed rail network
Most of medium-distance passenger transport by rail
Connect all core network airports to rail network
Europe’s economic future requires smart, sustainable and fully interconnected transport, energy and digital networks => Europe 2020 Strategy.
Effective interconnection of networks can only be achieved at the European level, guaranteeing minimum cost to all citizens.
CEF aims at supporting infrastructures with a European and Single Market dimension, targeting EU support on priority networks to be implemented by 2020 where European action is most warranted.
CEF aims at building an environment conducive to private investment and develop instruments that will be attractive vehicles for specialised infrastructure investors.
Smart performance indicators common to CEF aligned on Europe 2020 strategy and 20-20-20 energy and climate change objectives.
An instrument for growth and jobs!
The Cohesion Fund is aimed at Member States whose Gross National Income (GNI) per inhabitant is less than 90 % of the EU average. It aims to reduce economic and social disparities and to promote sustainable development.
For the 2014-2020 period, the Cohesion Fund concerns Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia.
The Cohesion Fund allocates a total of € 63.4 billion to activities under the following categories:
trans-European transport networks, notably priority projects of European interest as identified by the EU. The Cohesion Fund will support infrastructure projects under the Connecting Europe Facility;
environment: here, the Cohesion Fund can also support projects related to energy or transport, as long as they clearly benefit the environment in terms of energy efficiency, use of renewable energy, developing rail transport, supporting intermodality, strengthening public transport, etc.
The financial assistance of the Cohesion Fund can be suspended by a Council decision (taken by qualified majority) if a Member State shows excessive public deficit and if it has not resolved the situation or has not taken the appropriate action to do so.