The new core network will remove bottlenecks, upgrade infrastructure and streamline cross border transport operations for passengers and businesses throughout the EU. It will improve connections between different modes of transport and contribute to the EU's climate change objectives. The new core TEN-T network will be supported by a comprehensive network of routes, feeding into the core network at regional and national level. This will largely be financed by Member States, with some EU transport and regional funding possibilities, including with new innovative financing instruments. The aim is to ensure that progressively, and by 2050, the great majority of Europe's citizens and businesses will be no more than 30 minutes' travel time from this comprehensive network.
Taken as a whole, the new transport network will deliver:
• safer and less congested travel
• as well as smoother and quicker journeys.
The 31.7 billion euros allocated to transport under the Connecting Europe Facility of the MFF (Multi-Annual Financial Framework) will effectively act as "seed capital" to stimulate further investment by Member States to complete difficult cross-border connections and links which might not otherwise get built. Every 1 million euros spent at European level will generate 5 million from Member State governments and 20 million from the private sector.
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