Nearly €7.5 billion requested for CEF Transport infrastructure projects
The Innovation and Networks Executive Agency (INEA) has received 349 project proposals by the 7 February 2017 deadline for the 2016 CEF Transport Calls, requesting nearly €7.5 billion in total EU funding. The total available budget for the call is €1.94 billion. Evaluation of the project proposals with the help of external experts will start in March.
The 2016 CEF Transport Calls closed yesterday, 7 February 2017, at 17:00:00 with INEA receiving 349 proposals under the following calls:
- CEF-Transport-2016 – Annual Work Programme – Cohesion envelope
- CEF-Transport-2016 – Annual Work Programme – General envelope
- CEF-Transport-2016 – Multi-Annual Work Programme – Cohesion envelope
- CEF-Transport-2016 – Multi-Annual Work Programme – General envelope
In total, €7.49 billion funding was requested, whereas the available indicative budget for the calls is €1.94 billion. This represents an overall oversubscription rate of 3.86 times the budget available.
Source: European Commission, INEA © European Union, 1995-2017