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Transport
TEN-T financing: a broad overview
Stéphane OUAKI Head of Unit CEF, DG MOVE, European Commission
22 June, Riga
Transport
General contextLevel of infrastructure investment historically low in EU
Constraints on public budgetAdverse impact on growth, job creation and long-term
competitiveness of EU economyHigh level of investment needs in transport
Expected growth in world trade and passenger trafficInvestments for the greening of transport
Private investors looking for investments opportunitiesHigh level of liquidity on the capital marketsBut risks and uncertainties
European Commission pushes for increase of public and private investments in infrastructure
Transport
TEN-T frameworkStrategic framework
White Paper for Transport - goals for 2030 and 2050Policy framework
TEN-T Guidelines (Regulation No 1315/2013)Funding framework
Connecting Europe Facility (Regulation No 1316/2013)European Structural and Investment FundsEuropean Fund for Strategic InvestmentsInternational Financial InstitutionsInstrument for Pre-accession Assistance (Western Balkans)
Transport
Connecting Europe FacilityOne 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
Transport
Instruments available for projects on the TEN-T
Transport
Limited budget (€24.05 billion) → Priorities:
•TEN-T core network and Corridors: •pre-identified projects•cross-border, missing links, bottlenecks
• Horizontal priorities: • Interoperability• Innovation •Traffic management systems:
•ERTMS, SESAR, ITS, RIS…•Motoways of the Sea
• More sustainable modes of transport • railways, inland waterways
Connecting Europe Facility - Transport
Transport
TEN-T Core Network Corridors
Transport
CEF Transport: "Cohesion envelope"€11.3 bn transferred from the Cohesion Fund to the CEFGrants 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
Transport
CohesionMember States
2014-2020
Transport
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
Transport
How to give grant support to a project
Transport
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
Transport
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 CommiteeCommunication to the media
Coming up
Transport
CEF Call2014
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
Transport
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
