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17 March 2021

Commission welcomes agreement on the Connecting Europe Facility to fund greener, more sustainable transport and energy networks, and digitalisation

The European Commission welcomes the agreement reached by the European Parliament and the Council on the Connecting Europe Facility (CEF) proposal, worth €33.7 billion, as part of the next long-term EU budget 2021-2027.

The Connecting Europe Facility programme supports investment in Europe's transport, energy and digital infrastructure networks. It will support the twin green and digital transition, by contributing to the ambitious targets for the European Green Deal and the Digital Decade.

It will support the goals of the Smart and Sustainable Mobility Strategy laying the foundation for how the EU transport system can achieve its green and digital transformation and become more resilient to future crises. As outlined in the European Green Deal, the result will be a 90% cut in emissions by 2050, delivered by a smart, competitive, safe, accessible and affordable transport system. It will also prioritise environmentally friendly modes such as rail and the development of charging points for vehicles using alternative fuels.

By further integrating an efficient and competitive internal energy market, enhancing interoperability of networks across borders as well as facilitating decarbonisation and cross-border energy cooperation, the Connecting Europe Facility will help to reach our ambitious climate and energy targets. It will underpin the priorities of the revised TEN-E policy framework as proposed by the Commission at the end of last year with targeted financial support for key infrastructure projects that link EU energy systems.

Source / Further information:
https://ec.europa.eu/commission/presscorner/detail/en/ip_21_1109

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