More CEF for transport: the best Investment Plan for Europe
In the light of the current negotiations on the review of the Multi-annual Financial Framework (MFF), together with other European Transport associations across all modes, UIP calls for safeguarding the EU budget for transport.
The Connecting Europe Facility (CEF) is the financial lifeline of the Trans-European Network for Transport (TEN-T). However, a high number of high-quality projects were rejected due to insufficient EU budget. And this is an unbearable risk not only for current and future growth and jobs but also for the development of a European rail network for competitive freight.
The transport sector is making its best efforts to take advantage of the financial instruments including EFSI and will continue to do so. However, many projects facing important financial gaps are not bankable but they provide strong societal returns on investment.
It is vital to have the necessary means to make the TEN-T network into a smart and well thought transport system.
With this leaflet, the transport sector urges the European Parliament and the Council to increase the Connecting Europe Facility (CEF) budget in the upcoming review of the Multi-Annual Financial Framework.