By / October 8, 2018

Connecting Europe Facility 2021-2027: Financing key EU infrastructure networks [EU Legislation in Progress]

Strong, modern, and reliable infrastructure is essential to secure jobs, growth and competitiveness in the European Union. Given this need, the EU supports the development of high-performing, sustainable and interconnected trans-European networks in three areas: transport, energy and digital infrastructure.

© madpixblue / Fotolia

Written by Marketa Pape (5th edition, updated on 1.7.2021),

Transport infrastructure
© madpixblue / Fotolia

The EU supports the development of high-performing, sustainable and interconnected trans-European networks in the areas of transport, energy and digital infrastructure. It set up the Connecting Europe Facility (CEF) as a dedicated financing instrument for the 2014-2020 period, to channel EU funding into the development of infrastructure networks, help eliminate market failures and attract further investment from the public and private sectors. Following a mid-term evaluation, the European Commission proposed to renew the programme under the long‑term EU budget for the 2021-2027 period.

In the 2014-2019 term, the Council and the European Parliament provisionally agreed on the content, leaving aside the budget and the questions relating to third countries. Negotiations resumed in the present term, reflecting the Commission’s revised MFF proposal of May 2020 and the European Council conclusions of July 2020. Final details were agreed on 11 March 2021.

The agreement has already been confirmed by the responsible parliamentary committees TRAN and ITRE, and the Council subsequently adopted its first-reading position on 14 June 2021. The Parliament is expected to vote at second reading during the July plenary session. Once adopted, the new CEF regulation will apply retroactively from 1 January 2021.

Versions

Proposal for a regulation of the European Parliament and of the Council establishing the Connecting Europe Facility and repealing Regulations (EU) No 1316/2013 and (EU) No 283/2014
Committees responsible: Transport and Tourism (TRAN)
Industry, Research and Energy (ITRE)
(joint committee procedure, Rule 55)
COM(2018) 438
of 6.6.2018
Rapporteurs: Marian-Jean Marinescu (EPP, Romania)
Henna Virkkunen (EPP, Finland)
Dominique Riquet (Renew, France)
2018/0228(COD)
Next steps expected Second-reading vote in Parliament Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)

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