The Connecting Europe Facility aims to promote investment in transport, energy and telecommunications for the period 2014-2020, using grants and financial instruments from the EU budget to promote selected projects of European interest.
The initial €50 billion budget in the Commission proposal was reduced to €29 billion by the February 2013 European Council (€23 for transport, €5 for energy and €1 for telecoms) including the €10 billion ring-fenced from the Cohesion Fund for transport projects in the cohesion countries. We need smart investment in Europe's infrastructure for a more cohesive EU and to promote sustainable jobs and growth.