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Lia Potec, Policy officer European Commission

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Presentation on theme: "Lia Potec, Policy officer European Commission"— Presentation transcript:

1 The EU Trans-European Transport Network Policy & The Connecting Europe Facility
Lia Potec, Policy officer European Commission DG Mobility and Transport Unit B4 Connecting Europe – Infrastructure Investment strategies 19/11/2014

2 The new TEN-T maps Comprehensive network to ensure accessibility to all regions Core network focusing on the strategically most important parts Maps contained in Annex I to the Regulation List of nodes in Annex II Indicative comprehensive network maps for the neighbouring countries in Annex III Standards for all modes Deadlines 2030/2050 TEN-T Comprehensive and Core Network Railways (passengers) and airports

3 TEN-T Network Standards (1/3) Railways
Comprehensive Network Electrification ERTMS 1435mm gauge Connection with freight terminals Core Network [see Comprehensive network plus] freight lines (>100 km/h, 750m train length, 22,5t axle load) TEN-T Comprehensive and Core Network Railways (freight), ports and rail-road terminals

4 TEN-T Network Standards (2/3) Roads
Comprehensive Network High quality roads i.e. motorways, expressways, conventional strategic roads Core Network [see Comprehensive network plus] Rest areas on motorways all 100 km, including appropriate parking space for commercial road users Availability of clean fuels TEN-T Comprehensive and Core Network Roads, ports, rail-road terminals and airports

5 TEN-T Network Standards (3/3) Other modes
Comprehensive Network Implementation and deployment of telematic applications (RIS, VTMIS, e-maritime services, SESAR) Connection of airports and ports to TEN-T network by 2050 Core Network [see Comprehensive network plus] Availability of clean fuels at airports and ports Connection of ports and airports to TEN-T network by 2030 TEN-T Comprehensive and Core Network Inland waterways and ports

6 TEN-T Core Network Corridors and European Coordinators
9 multimodal corridors (defined until 2020*) Implementation tools Support the core network implementation Synchronise investments (Corridor Work Plan), including deployment of new technologies and telematic applications Alignment with the Rail Freight Corridors Involvement of stakeholders European Coordinators also for ERTMS and Motorways of the Sea * Alignment identified in Annex I of the Connecting Europe Facility Regulation

7 Scandinavian-Mediterranean Corridor

8 Sectoral policy frameworks (setting priorities for 2020, 2030, 2050)
Connecting Europe Facility One instrument – three sectors Connecting Europe Facility Transport Guidelines Energy Guidelines Telecom Guidelines The "European Infrastructure Package" Financing framework Sectoral policy frameworks (setting priorities for 2020, 2030, 2050) €33.2bn to finance projects of EU common interest 8

9 Connecting Europe Facility: budget
Budget: €33.2 billion in current prices € billion for transport (including €11.3 billion reserved for Cohesion MS) €1.141 billion for broadband and digital services €5.850 billion for energy infrastructure To be spent via grants innovative financial instruments

10 Other EU sources of financing for TEN-T (2014 -2020)
European Structural and Investment Funds Cohesion Fund and European Regional Development Fund: ~€35bn Loans from the European Investment Bank Approximately €6.5bn per year (estimated €45.5 on ) Leftover from Cohesion Fund

11 CEF (tansport): Budget allocation
80 – 85 % of total budget for core network projects pre- identified in Annex I to the CEF Regulation Horizontal priorities Sections on the core network corridors Other important core network cross-border and bottleneck sections 15 – 20 % of total budget for Other projects on the core network Projects on comprehensive network (max 5%) Projects in third countries Financial instruments (10%)

12 CEF: Priorities Modes Sections Horizontal Geographical
Rail, inland waterways, multimodal platforms (ports, rail-road terminals) Sections Missing links, cross-border, bottlenecks, intermodal connections Horizontal ERTMS, SESAR, other telematic systems (RIS, ITS, e-Maritime...) Motorways of the Sea, including alternative fuelling (LNG) deployment New technologies and innovation focusing on decarbonisation, safe and secure infrastructure, ports and airports Geographical Core Network, Corridors on the Core Network Political priorities: Commission Communication COM(2013)940

13 CEF in Sweden Pre-identified projects in Annex I
Baltic – Adriatic Corridor Other core network sections Horizontal priorities (traffic management, new technologies) Turku/Naantali – Stockholm Ports, MoS – port interconnections, icebraking capacity Stockholm - Malmö (Nordic Triangle) Rail – works ongoing on specific sections Trelleborg - Malmö – Göteborg – NO border Rail, port, MoS – works, multimodal platforms and port hinterland connections Bothnian Corridor: Lulea – Oulu Rail cross-border – studies and works Sundsvall – Umea – Lulea Rail bottleneck – studies and works Stockholm – Gävle – Sundsvall Rail – works Mjölby – Hallsberg – Gävle Bothnian – Kiruna – NO border Rail – studies and works

14 CEF in Finalnd Pre-identified projects in Annex I North Sea – Baltic
Scandinavian – Mediterranean Other core network sections Bothnian Corridor: Lulea – Oulu Cross-Border Rail studies and works Helsinki – Oulu Rail upgrading of sections Horizontal priorities (traffic management, new technologies) Helsinki - Tallinn Ports, MoS - port interconnections, (further) development of multimodal platforms and their interconnections, icebreaking capacity, MoS Hamina Kotka – Helsinki Port, rail - port interconnections, rail upgrading, icebreaking capacities Helsinki Rail - airport-rail connection RU border – Helsinki Rail - works ongoing Helsinki – Turku Rail - upgrading Turku/Naantali – Stockholm Ports, MoS - port interconnections, icebraking capacity

15 CEF grants: co-funding rates
Types of Projects CEF General Budget CEF Cohesion Envelope (a) Studies (all modes) 50% 85% (b)Works on Rail Cross border 40% Bottleneck 30% Other projects of common interest 20% Inland waterways Inland transport connections to ports and airports (rail and road) Development of ports Development of multi-modal platforms Reduce rail freight noise by retrofitting of existing rolling stock Freight transport services Secure parkings on road core network Motorways of the sea Traffic management systems SESAR, RIS & VTMIS 50/20% ERTMS ITS for road Cross border road sections 10% 85% (core network) New technologies and innovation for all modes of transport 15

16 Complementarity CEF – ESI Funds (1)
High EU added-value on TEN-T Corridors and core network (as pre-identified in Annex I of the CEF Regulation) More sustainable modes of transport: rail, IWW High EU added-value projects to remove bottlenecks in transport networks, by supporting TEN-T infrastructure on both the core and comprehensive networks All modes of transport Regional mobility, through connecting secondary and tertiary nodes to TEN-T infrastructure Network effect: strong coordination of investments in TEN-T needed Common project pipeline for ESI Funds and CEF, to be included in the Operational Programmes Corridors Work Plans National Transport Master Plans

17 CEF grants: direct management
Work Programme On basis of CEF & TEN-T eligibility AP & MAP Adopted by MS in CEF Committee Call for proposals Open from 11 September 2014 to 26 February 2015 European and National info days Evaluation External evaluation, organised by INEA Internal evaluation by Commission Approval of list of selected projects by CEF Committee March to July 2015 Financing Decisions Negotiated between INEA and project promoters Conclusion before end 2015

18 CEF: 2014 calls for proposals (GRANTS)
The Multi-annual Work Programme (MAP) € 11 billion total, including €4bn from the Cohesion envelope Only for projects pre-identified in Annex I of CEF (Corridors, other sections on the core network, horizontal priorities) The Annual Work Programme (AP) € 930 million Other projects on the core network Comprehensive network Connections with neighbouring countries Specific priorities which complement actions under the MAP (e.g.: Freight Transport Services, Actions to reduce rail freight noise) 18 18

19 CEF: Programme Support Actions
Support to participation in the core network corridors of (all) Member States Strengthening administrative capacity of the Member States eligible for the Cohesion Fund Technical assistance services for the development and implementation of projects implementing the TEN-T core network in the MS eligible to the Cohesion Fund Technical assistance to improve capacity building for Railway Infrastructure Managers eligible to the Cohesion envelope

20 CEF: Financial instruments (1)
Added Value Attract private investors to support the deployment of transport infrastructure projects of common European interest. Obtain the best possible deal for the European tax-payer Give access to finance to projects that would not be able to do it or only at very high price Financial Instruments = 10% of the CEF envelope Between EUR 1,300 and 2,400 million foreseen Possible increase up to 20% of the CEF envelope, is set in the legal base The estimated leverage effect is expected to range between 6 to 15; i.e. 1 EUR CEF to generate up to 15 EUR project finance


22 CEF: Financial instruments (2)
Full eligibility TEN-T core & comprehensive, all modes Projects with identifiable revenue streams or commercial benefits and long-term repayment high speed rail, ports and airports development, motorways, locks, rail connection to airport... support to rail infra managers, equipment of fleet with clean fuels or with on-board traffic management systems... deployment of clean fuels or traffic management systems on ground and on-board, joint procurement for clean urban transport or road electrification... Partnership with financial institutions, such as EIB 22 22

23 Financial instruments (3)
Type of Financial instruments Equity intruments Risk-capital, e.g. Marguerite Fund Investing in equity reduces the need for debt and reduces the level of risks Debt instruments Guarantees and risk-sharing instruments, e.g. LGTT and Project Bonds - LGTT to support bank lending - Project Bonds made to support investment from Capital Market investors (Pension funds, insurance companies) CEF can contribute to the RSFF (Risk-Sharing Finance Facility under FP7/Horizon 2020). - RSFF can provide loans or guarantee for projects with innovation, research or technological risks, up to 50% of the eligible costs.

24 CEF: Financial instruments (4) € 1 million from the EU Budget can generate € 20+ million in investments (leverage effect) Senior Debt in forms of loans or bonds Project Company, - paying investment costs, interests, operational costs… Receiving revenues (from users, authorities…) Reimbursing debt Banks providing loans or Bonds bought by Pension Funds and insurance company) €600m Sub-debt (funded or unfunded) provided by financial partner Financial partner (EIB or national investment banks) Funds from CEF €30m €100m Equity Total cost: €700m Funds from project sponsors or infrastructure owners €100m European Investment Bank

25 Thank you for your attention!

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