Since 1995, the European Union has the possibility of granting financial assistance to projects of common interest included in the Guidelines for the development of the Trans-European Transport Network (TEN-T). The latest update of the TEN-T Guidelines1 was laid down in 2013, at the same time when the Connecting Europe Facility (CEF)2 was established, succeeding the former TEN-T Programme.
The main objective of the Connecting Europe Facility instrument for the transport sector, as set out by the TEN-T Guidelines, is to help complete the TEN-T Core Network and its Corridors by 2030. To achieve this objective, a total budget of €24 billion3 has been made available for projects on the Trans-European Transport Network for the 2014-2020 period.
To read more, please visit click https://ec.europa.eu/inea/sites/inea/files/cef_brochure_final_web.pdf