The European Commission has invited Member States to propose projects to use €11.9 billion of EU funding to improve European transport connections. Member States have until 26th February 2015 to submit their bids.
The funding will be concentrated along 9 major transport corridors which, taken together, will form a core transport network and act as the economic life-blood of the Single Market. The funding will remove bottlenecks, revolutionise East West connections and streamline cross border transport operations for businesses and citizens throughout the EU.
EU financing for transport has tripled to €26 billion for the period 2014-2020 (compared to €8 billion for 2007-2013), under the new Connecting Europe Facility (CEF). This is the first tranche of the new funding for transport to be made available.
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