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EP Final Agreement on New EU Infrastructure Policy


Following the EC proposal to develop a European core transport network by establishing nine new major Corridors (announced in the TRIP’s October Newsletter), on 19 November 2013 the European Parliament gave its final green light to the financial package. This impressive project is expected to redefine European geography, accelerating East-West connections and deeply transforming the EU single market thanks to a real free flow of goods and people.
The initiative is possible thanks to a € 26.3 billion investment, assigned through ‘‘Connecting Europe Facility’’ (CEF), the EU’s new funding scheme promoting high-performing, sustainable and efficiently interconnected trans-European networks. CEF funding mechanism includes €10 billion that would be transferred from the Cohesion Fund, to be used exclusively in member states eligible for Cohesion Fund money.
Further information is available on the EC website.