BAKU: The European Commission has announced the selection of 134 transport projects to receive over 7 billion euros in EU grants from the Connecting Europe Facility (CEF), the EU’s strategic investment instrument for infrastructure, Trend reports.
According to the Commission, this marks the largest funding call under the current CEF Transport program.
Approximately 83% of the funding will support projects aligned with the EU’s climate objectives, focusing on the modernization and improvement of the EU’s railway, inland waterway, and maritime routes within the trans-European transport (TEN-T) network. Notably, rail projects will receive 80% of the pound 7 billion allocation. Additionally, the revised TEN-T Regulation will come into effect tomorrow, July 18.
Major projects set to benefit include enhancements to cross-border rail connections along the TEN-T core network, such as Rail Baltica in the Baltic States, the Lyon-Turin link between France and Italy, and the Fehmarnbelt tunnel between Denmark and Germ
any.
Moreover, around 20 maritime ports in Ireland, Spain, Finland, the Netherlands, Germany, Malta, Lithuania, Cyprus, Croatia, Greece, and Poland will receive support for infrastructure upgrades. Some of these upgrades will enable ports to supply shore-side electricity to ships or transport renewable energy.
Following yesterday’s approval of the list of 134 projects by the Member States, the Commission will officially adopt the financing decision, and CINEA will then start preparing grant agreements. The results are provisional and will only become definitive once the Commission adopts the corresponding award decision.
Source: Trend News Agency