Along with the Investment Plan for Europe, the Connecting Europe Facility plays a major role in bridging the investment gap in Europe, one of the Commission’s top priorities. The European Commission is firmly delivering on President Juncker’s top priority of creating jobs and boosting growth in the European Union, by unveiling a list of 195 transport projects that will receive €6.7 billion of funding under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of €9.6 billion. The selected projects will notably contribute to the digitalisation and decarbonisation of transport, in line with the broader political agenda of this Commission. The Member States eligible for the Cohesion Fund received almost 85% of the funding, which will help bridging the infrastructure disparities across the EU.
Source: European Commission