Saturday, June 9, 2012

Europe - Council of ministers agreed on €9.1 billion for trans-European networks and digital platforms

The Council of Ministers approved a new funding instrument for trans-European infrastructure networks.
agreed on the creation of a "Connecting Europe Facility" (CEF) – the future funding instrument for Europe's key infrastructures in the energy, telecommunications and transport. The ministers reached a compromise on the last outstanding question – whether the CEF should provide for more possibilities of funding road development projects.

The draft regulation on CEF, worth €50 billion of investment, aims to help create high-performing, environmentally sustainable and interconnected networks across Europe.

Telecommunications sector: broadband networks can receive funding rates of up to 50%, generic services and cross-cutting priorities – up to 75%, while projects linked to "Europeana" – the digital platform for the European cultural heritage – can receive funding of up to 100%.

See also the Presidency Conclusions.

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