Press Release: Council and European Parliament reach agreement on the Connecting Europe Facility

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Series Details PRES/13/285 (10.07.13)
Publication Date 10/07/2013
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The member states' Permanent Representatives on 10 July 2013 endorsed the compromise reached between the Council and the European Parliament in their negotiations on the Connecting Europe Facility (CEF), the future funding instrument for the trans-European networks (TEN) in the fields of transport, energy and telecommunications.

The draft regulation establishing the CEF determines the conditions, methods and procedures for the Union's financial contribution to TEN projects. It will replace the existing legal bases for TEN funding.

The overall objective of the CEF is to help create high-performing and environmentally-sustainable interconnected networks across Europe, thereby contributing to economic growth and social and territorial cohesion within the Union.

Source Link http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/trans/137969.pdf
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