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Home » EU funding calls » Commission puts forward record €13.1 billion investment in transport infrastructure to boost jobs and growth

Commission puts forward record €13.1 billion investment in transport infrastructure to boost jobs and growth

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European Commission – Press Release details page – European – Press release Commission Brussels, 29 June 2015 Today the Commission is further delivering on its top priority of creating jobs and boosting growth in Europe, by unveiling a record…

Sourced through Scoop.it from: europa.eu

Under the Connecting Europe Facility (CEF), €24.05 billion will be made available from the EU’s 2014-2020 budget to co-fund TEN-T projects in the EU Member States. Of this amount, €11.305 billion will be available only for projects in Member States eligible for the Cohesion Fund.

The proposed funding decision must now be formally adopted by the Connecting Europe Facility Committee, which will meet on 10 July 2015. The individual grant agreements will then be prepared by the Innovation and Networks Executive Agency (INEA) and signed with the project beneficiaries in the second half of 2015.

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