EC invites bids for €11.9bn in TEN-T funding

摘要

The European Commission (EC) has invited European Union (EU) member states to submit proposals for a share of €11.9bn in funding for enhancement projects on the nine major transport corridors of the TEN-T core network. This is the first tranche of funding to be made available through the new Connecting Europe Facility (CEF), which triples EU transport spending from €8bn in 2007-2013 to €26bn in 2014-2020. All of the projects proposed for EU funding will need to be co-financed by member states. The deadline for applications is February 26 2015 and the results of the bidding together with the funding allocations will be announced in the middle of next year.