Connecting Europe Facility: Commission adopts plan for €50 billion boost to European networks
The European Commission has today tabled a plan which will fund €50 billion worth of investment to improve Europe's transport, energy and digital networks.
Targeted investments in key infrastructures will help to create jobs and boost Europe's competitiveness at a time when Europe needs this most. The "Connecting Europe Facility" will finance projects which fill the missing links in Europe's energy, transport and digital backbone. It will also make Europe's economy greener by promoting cleaner transport modes, high speed broadband connections and facilitating the use of renewable energy in line with the Europe 2020 Strategy.