THE TEN BUDGET LINE

The Trans European Energy Networks budget line is managed in accordance with Regulation (EC) No 2236/95 of the Council amended by Regulation (EC) No 1655/1999, No 788/2004 and  No 807/2004.

• Consolidated version of the financial regulation

There are several European Community financial instruments which may come into play for financing Energy infrastructure.

STRUCTURAL FUNDS

The European Regional Development Fund (ERDF) contributes to the financing of the Trans-European Energy Networks 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).

COOPERATION PROGRAMMES WITH THIRD COUNTRIES

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.

EUROPEAN INVESTMENT BANK (EIB) LOANS

The EIB finances, through loans up to 50% of the total cost, many TEN Energy projects with the aim of contributing to the Community's TEN policy.

EUROPEAN INVESTMENT FUND (EIF) LOAN GUARANTEES

The main purpose of the EIF (funded 40% by the EIB, 30% by the Commission and the remaining 30% by banks and other financial institutions) is to make available, subject to fees, guarantees for loans concerning TEN projects.