Trans-European network policy depends on financial instruments being available to support projects with the highest trans-European added value.
The TEN budget line is managed in accordance with
The European Regional Development Fund (ERDF) contributes to the financing of the Trans-European Energy Networks (TEN-E) because of their role in the development of eligible regions. Funds have been allocated from the Community Support Frameworks (CSF I and II) and the Community initiatives (REGEN, INTERREG II).
Other EU financial instruments: there are several European Community financial instruments which may come into play for financing Energy infrastructure.
External policy programmes (PHARE, TACIS, MEDA and SYNERGY) have financed several East-West and regional interconnection studies relating to energy networks in or linked to eligible third countries.
The EIB finances, through loans up to 50% of the total cost, many TEN-E projects with the aim of contributing to the Community's TEN policy.
The main purpose of the EIF (funded 40% by the EIB, 30% by the European Commission (EC) and the remaining 30% by banks and other financial institutions) is to make available, subject to fees, guarantees for loans concerning TEN projects.