At EU level, two sets of funding instruments make financial support available to projects implementing the TEN-T:
These funding instruments have a timespan of seven years, to coordinate with the spending programme of the EU budget, whose current EU multiannual financial framework runs from 2014 to 2020.
On 10 July 2015, EU Member States approved the list of projects to receive funding under the Connecting Europe Facility (CEF). For more information, see: 10/07/2015: "Commission's record €13.1 billion investment plan for transport endorsed by Member States".
New financial schemes for European transport infrastructure
At the Informal Transport Council of 16 and 17 September 2014 in Milan the Italian Presidency asked the former Vice-President Henning Christophersen and the European Coordinators Kurt Bodewig and Carlo Secchi to prepare a report, in consultation with the EIB, to identify projects along corridors particularly suited for new financial schemes in the context of President Juncker's 'Jobs, Growth and Investment Package'. An Interim Report [778 KB] was presented to the Transport Ministers at the Council of 3 December 2014 in Brussels. The Final Report [800 KB] was delivered in June 2015. It sets up an action plan with 12 reccommendations.