This document is an excerpt from the EUR-Lex website
Document 02013R1316-20210101
Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (Text with EEA relevance)Text with EEA relevance
Consolidated text: Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (Text with EEA relevance)Text with EEA relevance
Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (Text with EEA relevance)Text with EEA relevance
02013R1316 — EN — 01.01.2021 — 007.001
This text is meant purely as a documentation tool and has no legal effect. The Union's institutions do not assume any liability for its contents. The authentic versions of the relevant acts, including their preambles, are those published in the Official Journal of the European Union and available in EUR-Lex. Those official texts are directly accessible through the links embedded in this document
|
REGULATION (EU) No 1316/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348 20.12.2013, p. 129) |
Amended by:
|
|
|
Official Journal |
||
|
No |
page |
date |
||
|
COMMISSION DELEGATED REGULATION (EU) No 275/2014 of 7 January 2014 |
L 80 |
1 |
19.3.2014 |
|
|
REGULATION (EU) 2015/1017 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 June 2015 |
L 169 |
1 |
1.7.2015 |
|
|
REGULATION (EU) 2017/1953 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 October 2017 |
L 286 |
1 |
1.11.2017 |
|
|
REGULATION (EU) 2017/2396 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 13 December 2017 |
L 345 |
34 |
27.12.2017 |
|
|
REGULATION (EU, Euratom) 2018/1046 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 18 July 2018 |
L 193 |
1 |
30.7.2018 |
|
|
REGULATION (EU) 2019/495 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 March 2019 |
L 85I |
16 |
27.3.2019 |
|
REGULATION (EU) No 1316/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 11 December 2013
establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010
(Text with EEA relevance)
TITLE I
COMMON PROVISIONS
CHAPTER I
The connecting europe facility
Article 1
Subject-matter
This Regulation establishes the Connecting Europe Facility ("CEF"), which determines the conditions, methods and procedures for providing Union financial assistance to trans-European networks in order to support projects of common interest in the sectors of transport, telecommunications and energy infrastructures and to exploit potential synergies between those sectors. It also establishes the breakdown of the resources to be made available under the multiannual financial framework for the years 2014-2020.
Article 2
Definitions
For the purposes of this Regulation, the following definitions apply:
"project of common interest" means a project identified in Regulation (EU) No 1315/2013, Regulation (EU) No 347/2013 or Regulation (EU) No 283/2014 of the European Parliament and of the Council ( 1 );
'cross-border section' means, in the transport sector, the section which ensures the continuity of a project of common interest between the nearest urban nodes on both sides of the border of two Member States or between a Member State and a neighbouring country;
'neighbouring country' means a country falling within the scope of the European Neighbourhood Policy including the Strategic Partnership, the Enlargement Policy, and the European Economic Area or the European Free Trade Association;
'third country' means any neighbouring country or any other country with which the Union may cooperate to achieve the objectives pursued by this Regulation;
"works" means the purchase, supply and deployment of components, systems and services including software, the carrying-out of development and construction and installation activities relating to a project, the acceptance of installations and the launching of a project;
"studies" means activities needed to prepare project implementation, such as preparatory, mapping, feasibility, evaluation, testing and validation studies, including in the form of software, and any other technical support measure, including prior action to define and develop a project and decide on its financing, such as reconnaissance of the sites concerned and preparation of the financial package;
'programme support actions' means, at the level of the CEF, all accompanying measures necessary for its implementation and the implementation of the individual sector-specific guidelines, such as services, in particular the provision of technical assistance, including for the use of financial instruments, as well as preparatory, feasibility, coordination, monitoring, stakeholder consultation, control, audit and evaluation activities which are required directly for the management of the CEF and the achievement of its objectives. Programme support actions include, in particular, studies, meetings, infrastructure mapping, information, dissemination, communication and awareness raising actions, expenditure linked to IT tools and networks focusing on exchanges of information about the CEF, together with all other technical and administrative assistance expenditure incurred by the Commission that may be required for the management of the CEF or implementation of the individual sector-specific guidelines. Programme support actions also include activities required in order to facilitate the preparation of projects of common interest, in particular in the Member States, eligible for financing from the Cohesion Fund, with a view to obtaining financing under this Regulation or on the financial market. Programme support actions shall also include, where appropriate, meeting the costs of the Executive Agency entrusted by the Commission with the implementation of specific parts of the CEF ("Executive Agency");
"action" means any activity which has been identified as financially and technically independent, has a set time-frame and is necessary for the implementation of a project of common interest;
"eligible costs" has the same meaning as in Regulation (EU, Euratom) No 966/2012;
"beneficiary" means a Member State, an international organisation, or a public or private undertaking or body that has been selected to receive Union financial assistance under this Regulation and in accordance with the arrangements established in the relevant work programme referred to in Article 17;
"implementing body" means a public or private undertaking or body designated by a beneficiary, where the beneficiary is a Member State or an international organisation, to implement the action concerned. Such designation shall be decided upon by the beneficiary under its own responsibility and, if it requires the award of a procurement contract, in compliance with the applicable Union and national public procurement rules;
"comprehensive network" means the transport infrastructure identified in accordance with Chapter II of Regulation (EU) No 1315/2013;
"core network" means the transport infrastructure identified in accordance with Chapter III of Regulation (EU) No 1315/2013;
"core network corridors" means an instrument to facilitate the coordinated implementation of the core network as provided for in Chapter IV of Regulation (EU) No 1315/2013 and listed in Part I of Annex I to this Regulation;
"bottleneck" in the transport sector means a physical, technical or functional barrier which leads to a system break affecting the continuity of long-distance or cross-border flows and which can be surmounted by creating new infrastructure, or substantially upgrading existing infrastructure, that could bring significant improvements which will solve the bottleneck constraints;
"priority" means any priority electricity corridors, priority gas corridors or priority thematic areas designated in Regulation (EU) No 347/2013;
"telematic applications" means the applications as defined in Regulation (EU) No 1315/2013;
"energy infrastructure" means the infrastructure as defined in Regulation (EU) No 347/2013;
"synergies between sectors" means the existence, across at least two of the transport, telecommunications and energy sectors, of similar or complementary actions that may enable costs or results to be optimised through the pooling of financial, technical or human resources;
'isolated network' means the rail network of a Member State, or a part thereof, as defined in Regulation (EU) No 1315/2013.
Article 3
General objectives
The CEF shall enable projects of common interest to be prepared and implemented within the framework of the trans-European networks policy in the sectors of transport, telecommunications and energy. In particular, the CEF shall support the implementation of those projects of common interest which aim at the development and construction of new infrastructures and services, or at the upgrading of existing infrastructures and services, in the transport, telecommunications and energy sectors. It shall give priority to missing links in the transport sector. The CEF shall also contribute to supporting projects with a European added value and significant societal benefits which do not receive adequate financing from the market. The following general objectives shall apply to the transport, telecommunications and energy sectors:
contributing to smart, sustainable and inclusive growth, in line with the Europe 2020 Strategy, by developing modern and high-performing trans-European networks which take into account expected future traffic flows, thus benefiting the entire Union in terms of improving competitiveness on the global market and economic, social and territorial cohesion in the internal market and creating an environment more conducive to private, public or public-private investment through a combination of financial instruments and Union direct support where projects could benefit from such a combination of instruments and by appropriately exploiting synergies across the sectors.
The achievement of this objective shall be measured by the volume of private, public or public-private partnership investment in projects of common interest, and in particular the volume of private investment in projects of common interest achieved through the financial instruments under this Regulation. Special focus shall be placed on the efficient use of public investment;
enabling the Union to achieve its sustainable development targets, including a minimum 20 % reduction of greenhouse gas emissions compared to 1990 levels and a 20 % increase in energy efficiency, and raising the share of renewable energy to 20 % by 2020, thus contributing to the Union's mid-term and long-term objectives in terms of decarbonisation, while ensuring greater solidarity among Member States.
Article 4
Specific sectoral objectives
In the transport sector, the CEF shall support projects of common interest, as identified in Article 7(2) of Regulation (EU) No 1315/2013, that pursue the objectives set out below, as further specified under Article 4 of that Regulation:
removing bottlenecks, enhancing rail interoperability, bridging missing links and, in particular, improving cross-border sections. The achievement of this objective shall be measured by:
the number of new or improved cross-border connections;
the number of kilometres of railway line adapted to the European nominal gauge standard and fitted with ERTMS;
the number of removed bottlenecks and sections of increased capacity on transport routes for all modes which have received funding from the CEF;
the length of the inland waterway network by class in the Union; and
the length of the railway network in the Union upgraded following the requirements set out in Article 39(2) of Regulation (EU) No 1315/2013;
ensuring sustainable and efficient transport systems in the long run, with a view to preparing for expected future transport flows, as well as enabling all modes of transport to be decarbonised through transition to innovative low-carbon and energy-efficient transport technologies, while optimising safety. The achievement of this objective shall be measured by:
the number of supply points for alternative fuels for vehicles using the TEN-T core network for road transport in the Union;
the number of inland and maritime ports of the TEN-T core network equipped with supply points for alternative fuels in the Union; and
the reduction in casualties on the road network in the Union;
optimising the integration and interconnection of transport modes and enhancing the interoperability of transport services, while ensuring the accessibility of transport infrastructures. The achievement of this objective shall be measured by:
the number of multimodal logistic platforms, including inland and maritime ports and airports, connected to the railway network;
the number of improved rail-road terminals, and the number of improved or new connections between ports through motorways of the sea;
the number of kilometres of inland waterways fitted with RIS; and
the level of deployment of the SESAR system, VTMIS and ITS for the road sector.
The indicators referred to in this paragraph shall not apply to Member States which do not have a rail network or an inland waterway network, as appropriate.
Those indicators shall not constitute selection or eligibility criteria for actions for support from the CEF.
Indicative percentages reflecting the proportion of the overall budgetary resources referred to in point (a) of Article 5(1) to be allocated to each of the three transport-specific objectives are set out in Part IV of Annex I to this Regulation. The Commission shall not deviate from those indicative percentages by more than 5 percentage points;
In the energy sector, the CEF shall support projects of common interest that pursue one or more of the following objectives:
increasing competitiveness by promoting the further integration of the internal energy market and the interoperability of electricity and gas networks across borders. The achievement of this objective shall be measured ex post by:
the number of projects effectively interconnecting Member States' networks and removing internal constraints;
the reduction or elimination of Member States' energy isolation;
the percentage of electricity cross-border transmission power in relation to installed electricity generation capacity in the relevant Member States;
price convergence in the gas and/or electricity markets of the Member States concerned; and
the percentage of the highest peak demand of the two Member States concerned covered by reversible flow interconnections for gas;
enhancing Union security of energy supply;
The achievement of this objective shall be measured ex post by:
the number of projects allowing diversification of supply sources, supplying counterparts and routes;
the number of projects increasing storage capacity;
system resilience, taking into account the number of supply disruptions and their duration;
the amount of avoided curtailment of renewable energy;
the connection of isolated markets to more diversified supply sources;
the optimal use of energy infrastructure assets;
contributing to sustainable development and protection of the environment, inter alia by the integration of energy from renewable sources into the transmission network, and by the development of smart energy networks and carbon dioxide networks.
The achievement of this objective shall be measured ex post by:
the amount of renewable electricity transmitted from generation to major consumption centres and storage sites;
the amount of avoided curtailment of renewable energy;
the number of deployed smart grid projects which benefited from the CEF and the demand response enabled by them;
the amount of CO2 emissions prevented by the projects which benefited from the CEF.
The indicators referred to in this paragraph, used for the ex post measurement of the achievement of the objectives, shall not constitute selection or eligibility criteria for actions of support from the CEF.
The conditions of eligibility for Union financial assistance for projects of common interest are set out in Article 14 of Regulation (EU) No 347/2013, whilst the selection criteria for projects of common interest are set out in Article 4 of that Regulation.
Article 5
Budget
The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 30 192 259 000 in current prices. That amount shall be distributed as follows:
transport sector: EUR 24 050 582 000 , of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund;
telecommunications sector: EUR 1 066 602 000 ;
energy sector: EUR 5 075 075 000 .
Those amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013 ( 2 ).
The financial envelope for the implementation of the CEF shall cover expenses pertaining to:
actions contributing to projects of common interest and programme support actions as provided for in Article 7;
programme support actions consisting of technical and administrative assistance expenses incurred by the Commission for the management of the CEF, including those necessary to ensure the transition between the CEF and the measures adopted under Regulation (EC) No 680/2007, up to 1 % of the financial envelope; the costs of the Executive Agency shall be included under this ceiling.
CHAPTER II
Forms of financing and financial provisions
Article 6
Forms of financial assistance
Article 7
Eligibility and conditions for financial assistance
In the transport sector, only actions contributing to projects of common interest in accordance with Regulation (EU) No 1315/2013 and programme support actions shall be eligible for support through Union financial assistance in the form of procurement and financial instruments under this Regulation. Only the following shall be eligible to receive Union financial assistance in the form of grants under this Regulation:
actions implementing the core network in accordance with Chapter III of Regulation (EU) No 1315/2013, including the deployment of new technologies and innovation in accordance with Article 33 of that Regulation, and projects and horizontal priorities identified in Part I of Annex I to this Regulation;
actions implementing the comprehensive network in accordance with Chapter II of Regulation (EU) No 1315/2013, when such actions contribute to bridging missing links, facilitating cross-border traffic flows or removing bottlenecks and when those actions also contribute to the development of the core network or interconnect core network corridors, or when such actions contribute to the deployment of ERTMS on principal routes of rail freight corridors as defined in the Annex to Regulation (EU) No 913/2010, up to a ceiling of 5 % of the financial envelope for transport as specified in Article 5 of this Regulation;
studies for projects of common interest as defined in points (b) and (c) of Article 8(1) of Regulation (EU) No 1315/2013;
studies for cross-border priority projects as defined in Annex III to Decision No 661/2010/EU of the European Parliament and of the Council ( 3 );
actions supporting projects of common interest as defined in points (a), (d) and (e) of Article 8(1) of Regulation (EU) No 1315/2013;
actions implementing transport infrastructure in nodes of the core network, including urban nodes, as defined in Article 41 of Regulation (EU) No 1315/2013;
actions supporting telematic applications systems in accordance with Article 31 of Regulation (EU) No 1315/2013;
actions supporting freight transport services in accordance with Article 32 of Regulation (EU) No 1315/2013;
actions to reduce rail freight noise, including by retrofitting existing rolling stock in cooperation with, inter alia, the railway industry;
programme support actions;
actions implementing safe and secure infrastructure in accordance with Article 34 of Regulation (EU) No 1315/2013;
actions supporting motorways of the sea as provided for in Article 21 of Regulation (EU) No 1315/2013;
actions adapting the transport infrastructure for purposes of security and checks on external borders.
Transport-related actions involving a cross-border section or a part of such a section shall be eligible to receive Union financial assistance only if there is a written agreement between the Member States concerned or between the Member States and third countries concerned relating to the completion of the cross-border section.
To allow for the most efficient use of the Union budget so as to enhance the multiplier effect of Union financial assistance, the Commission shall provide financial assistance as a priority in the form of financial instruments whenever appropriate, subject to market take-up and whilst respecting the ceiling for the use of financial instruments in accordance with Article 14(2) and Article 21(4).
In the telecommunications sector, all actions implementing the projects of common interest and programme support actions identified in Regulation (EU) No 283/2014 and meeting eligibility criteria and/or conditions laid down in accordance with that Regulation shall be eligible to receive Union financial assistance under this Regulation, as follows:
generic services, core service platforms and programme support actions shall be financed through grants and/or procurement;
actions in the field of broadband networks shall be financed through financial instruments;
actions in the field of providing local wireless connectivity that is free of charge and without discriminatory conditions in local communities shall be financed through grants or other forms of financial assistance, not including financial instruments.
CHAPTER III
Grants
Article 8
Forms of grants and eligible costs
The work programmes referred to in Article 17 of this Regulation shall establish the forms of grants that may be used to fund the actions concerned.
As regards the amount of EUR 11 305 500 000 transferred from the Cohesion Fund to be spent in Member States eligible for funding from the Cohesion Fund, the eligibility rules concerning VAT shall be those applicable to the Cohesion Fund referred to in a Regulation laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provision on the European Regional Development Fund, the European Social Fund and the Cohesion Fund.
Article 9
Conditions for participation
They may not receive financial assistance under this Regulation except where it is indispensable to the achievement of the objectives of a given project of common interest.
Article 10
Funding rates
In the transport sector, the amount of Union financial assistance shall not exceed:
with regard to grants for studies, 50 % of the eligible costs;
with regard to grants for works:
for railway networks, and road networks in the case of Member States with no railway network established in their territory or in the case of a Member State, or part thereof, with an isolated network without long-distance rail freight transport: 20 % of the eligible costs; the funding rate may be increased to a maximum of 30 % for actions addressing bottlenecks and to 40 % for actions concerning cross-border sections and actions enhancing rail interoperability;
for inland waterways: 20 % of the eligible costs; the funding rate may be increased to a maximum of 40 % for actions addressing bottlenecks and to a maximum of 40 % for actions concerning cross-border sections;
for inland transport, connections to and the development of multimodal logistics platforms including connections to inland and maritime ports and airports, as well as the development of ports: 20 % of the eligible costs;
for actions to reduce rail freight noise including by retrofitting existing rolling stock: 20 % of the eligible costs up to a combined ceiling of 1 % of the budgetary resources referred to in point (a) of Article 5(1);
for better accessibility to transport infrastructure for disabled persons: 30 % of the eligible cost of adaptation works, not exceeding in any case 10 % of the total eligible cost of works;
for actions supporting new technologies and innovation for all modes of transport: 20 % of the eligible costs;
for actions to support cross-border road sections: 10 % of the eligible costs;
with regard to grants for telematic applications systems and services:
for land-based components of the ERTMS, of the SESAR system, of RIS and of VTMIS: 50 % of the eligible costs;
for land-based components of ITS for the road sector: 20 % of the eligible costs;
for on-board components of ERTMS: 50 % of the eligible costs;
for on-board components of the SESAR system, of RIS, of VTMIS and of ITS for the road sector: 20 % of the eligible costs, up to a combined ceiling of 5 % of the budgetary resources referred to in point (a) of Article 5(1);
for actions to support the development of motorways of the sea: 30 % of the eligible costs.
The Commission shall create conditions conducive to the development of projects involving motorways of the sea with third countries;
for telematic applications systems other than those mentioned in points (i) to (iv), freight transport services and secure parkings on the road core network: 20 % of the eligible costs.
In the telecommunications sector, the amount of Union financial assistance shall not exceed:
for actions in the field of generic services: 75 % of the eligible costs;
for horizontal actions including infrastructure mapping, twinning and technical assistance: 75 % of the eligible costs.
The core service platforms shall be typically funded by procurement. In exceptional cases, they may be funded by a grant covering up to 100 % of eligible costs, without prejudice to the co-financing principle.
Actions in the field of providing local wireless connectivity that is free of charge and without discriminatory conditions in local communities shall be funded by Union financial assistance covering up to 100 % of the eligible costs, without prejudice to the principle of co-financing.
Article 11
Specific calls for funds transferred from the Cohesion Fund in the transport sector
Notwithstanding Article 10, and as regards the amount of EUR 11 305 500 000 transferred from the Cohesion Fund to be spent exclusively in Member States eligible for funding from the Cohesion Fund, the maximum funding rates shall be those applicable to the Cohesion Fund as referred to in a Regulation laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provision on the European Regional Development Fund, the European Social Fund and the Cohesion Fund for the following:
actions with regard to grants for studies;
actions with regard to grants for works:
railways and inland waterways;
actions to support cross-border road sections and, in the case of Member States with no rail networks, the TEN-T road network;
actions for inland transport, connections to and the development of multimodal logistics platforms including connections to inland and maritime ports and airports, including automatic gauge-changing facilities, and the development of ports including ice-breaking capacities, as well as interconnecting points, with particular attention being given to rail connections, except in the case of Member States with no rail network;
actions with regard to grants for telematic applications systems and services:
ERTMS, RIS and VTMIS, the SESAR system and ITS for the road sector;
other telematic applications systems;
actions to support the development of motorways of the sea;
actions with regard to grants to support new technologies and innovation for all modes of transport.
Article 12
Cancellation, reduction, suspension and termination of the grant
CHAPTER IV
Procurement
Article 13
Procurement
Public procurement procedures carried out by the Commission or one of the bodies referred to in Article 6(3) on its own behalf or jointly with Member States may:
provide for specific conditions, such as the place of performance of the procured activities, where such conditions are duly justified by the objectives of the actions and provided such conditions do not infringe Union and national public procurement principles;
authorise the multiple award of contracts within the same procedure ("multiple sourcing").
CHAPTER V
Financial instruments
Article 14
Types of financial instruments
The merging of project bonds shall be subject to the interim report to be carried out in the second half of 2013 as defined in Regulation (EC) No 680/2007 and in Decision No 1639/2006/EC. The Project Bond Initiative shall start up progressively within a ceiling of EUR 230 000 000 during the years 2014 and 2015. The full implementation of the initiative shall be subject to independent full-scale evaluation to be carried out in 2015 as provided for in Regulation (EC) No 680/2007 and in Decision No 1639/2006/EC. In the light of that evaluation, taking into account all options, the Commission shall consider proposing appropriate regulatory changes, including legislative changes, in particular if the predicted market uptake is not satisfactory or in the event that sufficient alternative sources of long-term debt financing become available.
The following financial instruments may be used:
equity instruments, such as investment funds with a focus on providing risk capital for actions contributing to projects of common interest;
loans and/or guarantees facilitated by risk-sharing instruments, including the credit enhancement mechanism for project bonds, backing individual projects or portfolios of projects issued by a financial institution on its own resources with a Union contribution to the provisioning and/or capital allocation.
Article 15
Conditions for granting financial assistance through financial instruments
Actions supported by means of financial instruments shall be selected on the basis of maturity and shall seek sectoral diversification in accordance with Articles 3 and 4 as well as geographical balance across the Member States. They shall:
represent European added value;
respond to the objectives of the Europe 2020 Strategy;
present a leverage effect with regard to Union support, i.e. aim at mobilising a global investment exceeding the size of the Union contribution according to the indicators defined in advance.
Article 16
Actions in third countries
Actions in third countries may be supported by means of the financial instruments if those actions are necessary for the implementation of a project of common interest.
CHAPTER Va
Blending
Article 16a
CEF blending facilities
In addition to the threshold set out in the first subparagraph, in the transport sector the overall contribution from the Union budget to CEF blending facilities shall not exceed EUR 500 000 000 .
If 10 % of the overall financial envelope for the implementation of the CEF referred to in Article 5(1) is not fully used for CEF blending facilities and/or financial instruments, the remaining amount shall be made available for and redistributed to that financial envelope.
Blending operations supported by means of a CEF blending facility shall be selected on the basis of maturity and shall seek sectoral diversification in accordance with Articles 3 and 4 as well as geographical balance across the Member States. They shall:
represent European added value;
respond to the objectives of the Europe 2020 Strategy;
contribute, where possible, to climate change mitigation and adaptation.
CHAPTER VI
Programming, implementation and control
Article 17
Multiannual and/or annual work programmes
The amount of the financial envelope shall lie within a range of 80 % to 95 % of the budgetary resources referred to in point (a) of Article 5(1).
The projects detailed in Part I of Annex I are not binding on the Member States for their programming decisions. The decision to implement those projects is a competence of Member States and depends on public financing capacities, and on their socio-economic viability in accordance with Article 7 of Regulation (EU) No 1315/2013.
Article 18
Granting of Union financial assistance
Article 19
Annual instalments
The Commission may divide budgetary commitments into annual instalments. In that case, it shall commit the annual instalments taking into account the progress of the actions receiving financial assistance, their estimated needs and the budget available.
The Commission shall communicate to the beneficiaries of grants, to the Member States concerned and, if applicable for financial instruments, to the financial institutions concerned an indicative timetable covering the commitment of the individual annual instalments.
Article 20
Carry-over of annual appropriations
Appropriations which have not been used at the end of the financial year for which they were entered shall be carried over in accordance with Regulation (EU, Euratom) No 966/2012.
Article 21
Delegated acts
Subject to the approval of the Member State(s) concerned as provided for in the second paragraph of Article 172 TFEU, the Commission shall be empowered to adopt delegated acts in accordance with Article 26 of this Regulation concerning the modification of Part I of Annex I to this Regulation, to take account of changing financing priorities in the trans-European networks and of changes relating to projects of common interest identified in Regulation (EU) No 1315/2013. When amending Part I of Annex I to this Regulation, the Commission shall ensure:
that the projects of common interest in accordance with Regulation (EU) No 1315/2013 are likely to be realised fully or partly under the multiannual financial framework for the years 2014-2020;
that the modifications comply with the eligibility criteria set out in Article 7 of this Regulation;
as regards Part I of Annex I to this Regulation, that all sections include infrastructure projects the realisation of which will necessitate their inclusion in a multiannual work programme under Article 17(3) of this Regulation, without changing the alignment of the core network corridors.
When amending Part III of Annex I to this Regulation in the cases set out in the first subparagraph, the Commission shall at all times ensure that:
the amendments are made in accordance with the requirements laid down in Regulation (EU, Euratom) No 966/2012, including the ex ante evaluation referred to in point (f) of Article 140(2) thereof, and
the amendments are limited to:
modification of the threshold of the subordinated debt financing as referred to in I.1(a) and I.1(b) of Part III of Annex I to this Regulation, with a view to seeking sectoral diversification and geographical balance across the Member States in accordance with Article 15;
modification of the threshold of the senior debt financing as referred in I.1(a) of Part III of Annex I to this Regulation, with a view to seeking sectoral diversification and geographical balance across the Member States in accordance with Article 15;
the combination with other sources of funding as referred in I.3 and II.3 of Part III of Annex I;
the selection of entrusted entities as referred in I.4 and II.4 of Part III of Annex I; and
pricing, risk and revenue-sharing as referred in I.6 and II.6 of Part III of Annex I.
The Commission shall be empowered to adopt delegated acts in accordance with Article 26 to raise the ceiling set out in Article 14(2) up to 10 %, provided the following conditions are met:
the evaluation of the pilot phase of the Project Bond Initiative carried out in 2015 is positive; and
the take-up of financial instruments exceeds 6,5 % in terms of project contractual commitments.
Article 22
Responsibility of beneficiaries and Member States
Within their respective responsibilities, and without prejudice to the obligations incumbent on beneficiaries under the conditions governing grants, beneficiaries and Member States shall make every effort to implement the projects of common interest which receive Union financial assistance granted under this Regulation.
Member States shall undertake the technical monitoring and financial control of actions in close cooperation with the Commission and shall certify that the expenditure incurred in respect of projects or parts thereof has been disbursed and that the disbursement was in conformity with the relevant rules. The Member States may request the Commission to participate during on-the-spot checks and inspections.
Member States shall inform the Commission annually, if relevant through an interactive geographical and technical information system, about the progress made in implementing projects of common interest and the investments made for this purpose, including the amount of support used with a view to attaining climate-change objectives. On that basis, the Commission shall make public, and update at least annually, information about the specific projects under the CEF.
The certification of the expenditure referred to in the second paragraph of this Article is not mandatory for grants awarded on the basis of Regulation (EU) No 283/2014.
The requirement to inform the Commission annually referred to in the third paragraph of this Article shall not apply for grants or other forms of financial assistance awarded pursuant to point (c) of Article 4(1) of Regulation (EU) No 283/2014.
Article 23
Compliance with Union policies and Union law
Only actions which are in conformity with Union law and which are in line with the relevant Union policies shall be financed under this Regulation.
Article 24
Protection of the Union's financial interests
TITLE II
GENERAL AND FINAL PROVISIONS
Article 25
Committee procedure
Article 26
Exercise of delegation
Article 27
Evaluation
Article 28
Information, communication and publicity
Article 29
Amendment of Regulation (EU) No 913/2010
Regulation (EU) No 913/2010 is hereby amended as follows:
The Annex to Regulation (EU) No 913/2010 is replaced by the text of Annex II to this Regulation. Consequently, the rail freight corridors revised shall remain subject to the provisions of Regulation (EU) No 913/2010.
Article 30
Transitional provisions
This Regulation shall not affect the continuation or modification, including the total or partial cancellation, of the projects concerned, until their closure, or of financial assistance awarded by the Commission pursuant to Regulations (EC) No 680/2007 and (EC) No 67/2010, or any other law applying to that assistance on 31 December 2013, which shall continue to apply to the actions concerned until their closure.
Article 31
Repeal
Without prejudice to Article 30 of this Regulation, Regulations (EC) No 680/2007 and (EC) No 67/2010 are repealed with effect from 1 January 2014.
Article 32
Entry into force
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
It shall apply from 1 January 2014.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
ANNEX I
PART I
LIST OF PRE-IDENTIFIED PROJECTS ON THE CORE NETWORK IN THE TRANSPORT SECTOR
1. Horizontal Priorities
|
Innovative management & services |
Single European Sky – SESAR system |
|
Innovative management & services |
Telematic applications systems for road, rail, inland waterways and vessels (ITS, ERTMS, RIS and VTMIS) |
|
Innovative management & services |
Core network ports, motorways of the sea (MoS) and airports, safe and secure infrastructure |
|
New technologies and innovation |
New technologies and innovation in accordance with points (a) to (d) of Article 33 of Regulation (EU) No 1315/2013 |
2. Core network corridors
Baltic – Adriatic
ALIGNMENT:
Gdynia – Gdańsk – Katowice/Sławków
Gdańsk – Warszawa – Katowice
Katowice – Ostrava – Brno – Wien
Szczecin/Świnoujście – Poznań – Wrocław – Ostrava
Katowice – Žilina – Bratislava – Wien
Wien – Graz – Villach – Udine – Trieste
Udine – Venezia – Padova – Bologna – Ravenna
Graz – Maribor – Ljubljana – Koper/Trieste
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Gdynia - Katowice |
Rail |
Works |
|
Gdynia, Gdańsk |
Ports |
Port interconnections, (further) development of multimodal platforms |
|
Warszawa - Katowice |
Rail |
Works |
|
Wroclaw – Poznań – Szczecin/Świnoujście |
Rail |
Works |
|
Świnoujście, Szczecin |
Port |
Port interconnections |
|
Bielsko Biala – Žilina |
Road |
Works |
|
Katowice - Ostrava - Brno - Wien & Katowice - Žilina - Bratislava - Wien |
Rail |
Works, in particular cross-border sections PL-CZ, CZ-AT, PL-SK and SK-AT, Brno-Přerov line; (further) development of multimodal platforms and airport-rail interconnections |
|
Wien - Graz - Klagenfurt - Udine - Venezia - Ravenna |
Rail |
Partial construction of new lines (Semmering Base Tunnel and Koralm Railway line), rail upgrading; works ongoing; (further) development of multimodal platforms; upgrading of existing two-track line between Udine - Cervignano and Trieste |
|
Graz - Maribor - Pragersko |
Rail |
Studies and works for second track |
|
Trieste, Venenezia, Ravenna, Koper |
Ports |
Port interconnections; (further) development of multimodal platforms |
North Sea – Baltic
ALIGNMENT:
Helsinki – Tallinn – Rīga
Ventspils – Rīga
Rīga – Kaunas
Klaipėda – Kaunas – Vilnius
Kaunas – Warszawa
BY border – Warszawa – Poznań – Frankfurt/Oder – Berlin – Hamburg
Berlin – Magdeburg – Braunschweig – Hannover
Hannover – Bremen – Bremerhaven/Wilhelmshaven
Hannover – Osnabrück – Hengelo – Almelo – Deventer – Utrecht
Utrecht – Amsterdam
Utrecht – Rotterdam – Antwerpen
Hannover – Köln – Antwerpen
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Helsinki - Tallinn |
Ports, MoS |
Port interconnections; (further) development of multimodal platforms and their interconnections; icebreaking capacity; MoS |
|
Tallinn - Rīga - Kaunas - Warszawa |
Rail |
(Detailed) studies for new UIC gauge fully interoperable line; works for new line to start before 2020; upgrading and new line on PL territory; rail – airports/ports interconnections, rail-road terminals, MoS |
|
Ventspils – Rīga |
Rail |
Upgrading, port interconnections, MoS |
|
Klaipėda – Kaunas |
Rail |
Upgrading, port interconnections, MoS |
|
Kaunas – Vilnius |
Rail |
Upgrading, airports interconnections, rail-road terminals |
|
Via Baltica Corridor |
Road |
Works for cross-border sections (EE, LV, LT, PL) |
|
BY border - Warszawa - Poznań - DE border |
Rail |
Works on existing line, studies for high-speed rail |
|
PL Border - Berlin - Hannover - Amsterdam/Rotterdam |
Rail |
Studies and upgrading of several sections (Amsterdam – Utrecht – Arnhem; Hannover – Berlin) |
|
Wilhelmshaven - Bremerhaven - Bremen |
Rail |
Studies and works |
|
Berlin - Magdeburg – Hannover, Mittellandkanal, western German canals, Rhine, Waal, Noordzeekanaal, IJssel, Twentekanaal |
IWW |
Studies, works for better navigability and upgrading waterways and locks |
|
Amsterdam locks & Amsterdam - Rijnkanaal |
IWW |
Locks studies ongoing; port: interconnections (studies and works, including Beatrix lock upgrade) |
Mediterranean
ALIGNMENT:
Algeciras – Bobadilla –Madrid – Zaragoza – Tarragona
Sevilla – Bobadilla – Murcia
Cartagena – Murcia – Valencia – Tarragona
Tarragona – Barcelona – Perpignan – Marseille/Lyon – Torino – Novara – Milano – Verona – Padova – Venezia – Ravenna/Trieste/Koper - Ljubljana – Budapest
Ljubljana/Rijeka – Zagreb – Budapest – UA border
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Algeciras - Madrid |
Rail |
Studies ongoing, works to be launched before 2015, to be completed 2020 |
|
Sevilla - Antequera - Granada - Almería - Cartagena - Murcia - Alicante - Valencia |
Rail |
Studies and works |
|
Madrid-Zaragoza-Barcelona |
Rail |
Upgrading of existing lines (gauge, sidings, platforms) |
|
Valencia - Tarragona - Barcelona |
Rail |
Construction between 2014 - 2020 |
|
Barcelona |
Port |
Interconnections rail with port and airport |
|
Barcelona - Perpignan |
Rail |
Cross-border section, works ongoing, new line completed by 2015, upgrading existing line (gauge, sidings, platforms) |
|
Perpignan - Montpellier |
Rail |
Bypass Nîmes - Montpellier to be operational in 2017, Montpellier - Perpignan for 2020 |
|
Lyon |
Rail |
Relieving Lyon bottlenecks: studies and works |
|
Lyon – Avignon – Marseille |
Rail |
Upgrading |
|
Lyon - Torino |
Rail |
Cross-border section, works base tunnel; studies and works access routes |
|
Milano - Brescia |
Rail |
Partially, upgrading and, partially, new high-speed line |
|
Brescia - Venezia - Trieste |
Rail |
Works to start before 2014 on several sections in synergy with upgrading actions undertaken in overlapping stretches as in the Baltic-Adriatic Corridor |
|
Milano – Cremona- Mantova – Porto Levante/Venezia – Ravenna/Trieste |
IWW |
Studies and works |
|
Cremona, Mantova, Venezia, Ravenna, Trieste |
Inland Ports |
Port interconnections, (further) development of multimodal platforms |
|
Trieste - Divača |
Rail |
Studies and partial upgrading ongoing; cross-border section to be realised until after 2020 |
|
Koper - Divača - Ljubljana – Pragersko |
Rail |
Studies and upgrading/partially, new line |
|
Rijeka – Zagreb – Budapest |
Rail |
Studies and works (including construction of new track and second track between Rijeka and HU border) |
|
Rijeka |
Port |
Infrastructure upgrading and development, development of multimodal platforms and interconnections |
|
Ljubljana – Zagreb |
Rail |
Studies and works |
|
Ljubljana node |
Rail |
Rail node Ljubljana, including multi-modal platform; rail airport interconnection |
|
Pragersko - Zalalövö |
Rail |
Cross-border section: studies, works to start before 2020 |
|
Lendava - Letenye |
Road |
Cross-border upgrading |
|
Boba- Székesfehérvár |
Rail |
Upgrading |
|
Budapest-Miskolc-UA border |
Rail |
Upgrading |
|
Vásárosnamény-UA border |
Road |
Cross-border upgrading |
Orient/East-Med
ALIGNMENT:
Hamburg – Berlin
Rostock – Berlin – Dresden
Bremerhaven/Wilhelmshaven – Magdeburg – Dresden
Dresden – Ústí nad Labem – Mělník/Praha - Kolín
Kolín – Pardubice – Brno – Wien/Bratislava – Budapest – Arad – Timișoara – Craiova – Calafat – Vidin – Sofia
Sofia – Plovdiv – Burgas
Plovdiv – TR border
Sofia – Thessaloniki – Athína – Piraeus – Lemesos – Lefkosia
Athína – Patras/Igoumenitsa
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Dresden - Praha |
Rail |
Studies for high-speed rail |
|
Praha |
Rail |
Upgrading, freight bypass; rail connection airport |
|
Hamburg – Dresden – Praha – Pardubice |
IWW |
Elbe and Vltava studies, works for better navigability and upgrading |
|
Děčín locks |
IWW |
Studies |
|
Praha - Brno - Břeclav |
Rail |
Upgrading, including rail node Brno and multi-modal platform |
|
Břeclav – Bratislava |
Rail |
Cross-border, upgrading |
|
Bratislava – Hegyeshalom |
Rail |
Cross-border, upgrading |
|
Mosonmagyaróvár – SK Border |
Road |
Cross-border upgrading |
|
Tata – Biatorbágy |
Rail |
Upgrading |
|
Budapest – Arad – Timișoara – Calafat |
Rail |
Upgrading in HU nearly completed, ongoing in RO |
|
Vidin – Sofia – Burgas/TR border Sofia – Thessaloniki – Athína/Piraeus |
Rail |
Studies and works Vidin – Sofia – Thessaloniki – Athína; upgrading Sofia – Burgas/TR border |
|
Vidin – Craiova |
Road |
Cross-border upgrading |
|
Thessaloniki, Igoumenitsa |
Port |
Infrastructure upgrading and development, multimodal interconnections |
|
Athína/Piraeus/Heraklion – Lemesos |
Port, MoS |
Port capacity and multimodal interconnections |
|
Lemesos – Lefkosia |
Ports, multimodal platforms |
Upgrading of modal interconnection, including Lefkosia south orbital, studies and works, traffic management systems |
|
Lefkosia – Larnaca |
Multimodal platforms |
Multimodal interconnections and telematic applications systems |
|
Patras |
Port |
Port interconnections, (further) development of multimodal platforms |
|
Athína - Patras |
Rail |
Studies and works, port interconnections |
Scandinavian – Mediterranean
ALIGNMENT:
RU border – Hamina/Kotka – Helsinki – Turku/Naantali – Stockholm – Malmö
Oslo – Göteborg – Malmö – Trelleborg
Malmö – København – Kolding/Lübeck – Hamburg – Hannover
Bremen – Hannover – Nürnberg
Rostock – Berlin – Leipzig – München
Nürnberg – München – Innsbruck – Verona – Bologna – Ancona/Firenze
Livorno/La Spezia - Firenze – Roma – Napoli – Bari – Taranto – Valletta
Napoli – Gioia Tauro – Palermo/Augusta – Valletta
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Hamina/Kotka – Helsinki |
Port, rail |
Port interconnections, rail upgrading, icebreaking capacities |
|
Helsinki |
Rail |
Airport-rail connection |
|
RU border – Helsinki |
Rail |
Works ongoing |
|
Helsinki – Turku |
Rail |
Upgrading |
|
Turku/Naantali – Stockholm |
Ports, MoS |
Port interconnections, icebreaking capacity |
|
Stockholm - Malmö (Nordic Triangle) |
Rail |
Works ongoing on specific sections |
|
Trelleborg - Malmö – Göteborg – NO border |
Rail, port, MoS |
Works, multimodal platforms and port hinterland connections |
|
Fehmarn |
Rail |
Studies ongoing, construction works Fehmarn Belt fixed link to start in 2015 |
|
København - Hamburg via Fehmarn: access routes |
Rail |
Access routes DK to be completed by 2020, access routes DE to be completed in 2 steps: one-track electrification with the completion of the fixed link and two-track seven years later |
|
Rostock |
Ports, MoS |
Interconnections ports with rail; low-emission ferries; ice-breaking capacity |
|
Rostock - Berlin - Nürnberg |
Rail |
Studies and upgrading |
|
Hamburg/Bremen - Hannover |
Rail |
Studies ongoing |
|
Halle – Leipzig – Nürnberg |
Rail |
Works ongoing, to be completed by 2017 |
|
München – Wörgl |
Rail |
Access to Brenner Base tunnel and cross-border section: studies |
|
Brenner Base Tunnel |
Rail |
Studies and works |
|
Fortezza - Verona |
Rail |
Studies and works |
|
Napoli - Bari |
Rail |
Studies and works |
|
Napoli – Reggio Calabria |
Rail |
Upgrading |
|
Verona – Bologna |
Rail |
Upgrading ongoing |
|
Ancona, Napoli, Bari, La Spezia, Livorno |
Ports |
Port interconnections, (further) development of multimodal platforms |
|
Messina - Catania – Augusta/Palermo |
Rail |
Upgrading (remaining sections) |
|
Palermo/Taranto - Valletta/Marsaxlokk |
Ports, MoS |
Port interconnections |
|
Valletta - Marsaxlokk |
Port, airport |
Upgrading of modal interconnection, including Marsaxlokk-Luqa-Valletta |
|
Bologna – Ancona |
Rail |
Upgrading |
Rhine – Alpine
ALIGNMENT:
Genova – Milano – Lugano – Basel
Genova –Novara – Brig – Bern – Basel – Karlsruhe – Mannheim – Mainz – Koblenz – Köln
Köln – Düsseldorf – Duisburg – Nijmegen/Arnhem – Utrecht – Amsterdam
Nijmegen – Rotterdam – Vlissingen
Köln – Liège – Bruxelles/Brussel – Gent
Liège – Antwerpen – Gent – Zeebrugge
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Genova |
Port |
Port interconnections |
|
Genova - Milano/Novara - CH border |
Rail |
Studies; works starting before 2020 |
|
Basel – Antwerpen/Rotterdam - Amsterdam |
IWW |
Works for better navigability |
|
Karlsruhe - Basel |
Rail |
Works ongoing |
|
Frankfurt - Mannheim |
Rail |
Studies ongoing |
|
Liège |
Rail |
Port and airport rail connection |
|
Rotterdam – Zevenaar |
Rail |
Studies ongoing, upgrading |
|
Zevenaar - Emmerich - Oberhausen |
Rail |
Works ongoing |
|
Zeebrugge – Gent – Antwerpen - DE border |
Rail |
Upgrading |
Atlantic
ALIGNMENT:
Algeciras – Bobadilla – Madrid
Sines / Lisboa – Madrid – Valladolid
Lisboa – Aveiro – Leixões/Porto
Aveiro – Valladolid – Vitoria – Bergara – Bilbao/Bordeaux – Paris – Le Havre/Metz – Mannheim/Strasbourg
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
High-speed rail Sines/Lisboa - Madrid |
Rail, ports |
Studies and works ongoing, upgrading of modal interconnection ports of Sines/Lisboa |
|
High-speed rail Porto - Lisboa |
Rail |
Studies ongoing |
|
Rail connection Aveiro – Salamanca – Medina del Campo |
Rail |
Cross-border: works ongoing |
|
Rail connection Bergara - San Sebastián - Bayonne |
Rail |
Completion expected in ES by 2016, in FR by 2020 |
|
Bayonne - Bordeaux |
Rail |
Ongoing public consultation |
|
Bordeaux - Tours |
Rail |
Works ongoing |
|
Paris |
Rail |
Southern high-speed bypass |
|
Baudrecourt - Mannheim |
Rail |
Upgrading |
|
Baudrecourt - Strasbourg |
Rail |
Works ongoing, to be completed 2016 |
|
Le Havre - Paris |
IWW |
Upgrading |
|
Le Havre - Paris |
Rail |
Studies, upgrading |
|
Le Havre |
Port, Rail |
Studies and works on port capacity, MoS and interconnections |
North Sea – Mediterranean
ALIGNMENT:
Belfast – Baile Átha Cliath/Dublin – Corcaigh/Cork
Shannon Foynes/Baile Átha Cliath/Dublin/Corcaigh/Cork — Le Havre/Calais/Dunkerque/Zeebrugge/Terneuzen/Gent/Antwerpen/Rotterdam/Amsterdam
Glasgow/Edinburgh – Liverpool/Manchester – Birmingham
Birmingham – Felixstowe/London /Southampton
London – Lille – Brussel/Bruxelles
Amsterdam – Rotterdam – Antwerpen – Brussel/Bruxelles – Luxembourg
Luxembourg – Metz – Dijon – Macon – Lyon – Marseille
Luxembourg – Metz – Strasbourg – Basel
Antwerpen/Zeebrugge – Gent – Dunkerque/Lille – Paris
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Corcaigh/Cork - Dublin - Baile Átha Cliath/Belfast |
Rail |
Studies and works; Baile Átha Cliath/Dublin Interconnector (DART); |
|
Belfast |
Port, multimodal connections |
Upgrading |
|
Glasgow - Edinburgh |
Rail |
Upgrading |
|
Manchester – Liverpool |
Rail |
Upgrading and electrification, including Northern Hub |
|
Birmingham – Reading – Southampton |
Rail |
Upgrading of the freight line |
|
Baile Átha Cliath/Dublin, Corcaigh/Cork, Southampton |
Ports, rail |
Studies and works on port capacity, MoS and interconnections |
|
Dunkerque |
Port |
Further development of multimodal platforms and interconnections |
|
Calais - Paris |
Rail |
Preliminary studies |
|
Bruxelles/Brussel |
Rail |
Studies and works (North-South connection for conventional and high-speed) |
|
Felixstowe – Midlands |
Rail, port, multimodal platforms |
Rail upgrading, interconnections port and multimodal platforms |
|
Maas, including Maaswerken |
IWW |
Upgrading |
|
Albertkanaal/Canal Bocholt-Herentals |
IWW |
Upgrading |
|
Rhine-Scheldt corridor: Volkeraklock and Kreekaklock, Krammerlock and Lock Hansweert |
IWW |
Locks: studies ongoing |
|
Terneuzen |
Maritime |
Locks: studies ongoing; works |
|
Terneuzen - Gent |
IWW |
Studies, upgrading |
|
Zeebrugge |
Port |
Locks: studies, interconnections (studies and works) |
|
Antwerpen |
Maritime, port, rail |
Locks: studies ongoing; port: interconnections (including second rail access to the port of Antwerpen) |
|
Rotterdam - Antwerpen |
Rail |
Upgrading rail freight line |
|
Canal Seine Nord; Seine - Escaut |
IWW |
Studies and works; upgrading including cross-border and multimodal connections |
|
Dunkerque – Lille |
IWW |
Studies ongoing |
|
Antwerpen, Bruxelles/Brussels, Charleroi |
IWW |
Upgrading |
|
Waterways upgrade in Wallonia |
IWW |
Studies, upgrading, intermodal connections |
|
Brussel/Bruxelles - Luxembourg - Strasbourg |
Rail |
Works ongoing |
|
Antwerpen – Namur - LUX border – FR border |
Rail |
Upgrading of rail freight line |
|
Strasbourg - Mulhouse - Basel |
Rail |
Upgrading |
|
Rail Connections Luxembourg - Dijon - Lyon (TGV Rhin - Rhône) |
Rail |
Studies and works |
|
Lyon |
Rail |
Eastern bypass: studies and works |
|
Canal Saône - Moselle/Rhin |
IWW |
Preliminary studies ongoing |
|
Rhône |
IWW |
Upgrading |
|
Port of Marseille-Fos |
Port |
Interconnections and multimodal terminals |
|
Lyon - Avignon - Port de Marseille - Fos |
Rail |
Upgrading |
Rhine – Danube
ALIGNMENT:
Strasbourg – Stuttgart – München – Wels/Linz
Strasbourg – Mannheim – Frankfurt – Würzburg – Nürnberg – Regensburg – Passau – Wels/Linz
München/Nürnberg – Praha – Ostrava/Přerov – Žilina – Košice – UA border
Wels/Linz – Wien – Bratislava – Budapest – Vukovar
Wien/Bratislava – Budapest – Arad – Brașov/Craiova – București – Constanța – Sulina
PRE-IDENTIFIED SECTIONS INCLUDING PROJECTS:
|
Rail connection Strasbourg - Kehl Appenweier |
Rail |
Works interconnection Appenweier |
|
Karlsruhe - Stuttgart - München |
Rail |
Studies and works ongoing |
|
Ostrava/Přerov – Žilina – Košice – UA border |
Rail |
Upgrading, multimodal platforms |
|
Zlín – Žilina |
Road |
Cross-border road section |
|
München – Praha |
Rail |
Studies and works |
|
Nürnberg – Praha |
Rail |
Studies and works |
|
München - Mühldorf - Freilassing - Salzburg |
Rail |
Studies and works ongoing |
|
Salzburg - Wels |
Rail |
Studies |
|
Nürnberg - Regensburg - Passau - Wels |
Rail |
Studies and works |
|
Rail connection Wels - Wien |
Rail |
Completion expected by 2017 |
|
Wien – Bratislava / Wien – Budapest / Bratislava – Budapest |
Rail |
Studies high-speed rail (including the alignment of the connections between the three cities) |
|
Budapest - Arad |
Rail |
Studies for high-speed network between Budapest and Arad |
|
Komárom – Komárno |
IWW |
Studies and works for cross-border bridge |
|
Arad - Brașov - București - Constanța |
Rail |
Upgrading of specific sections; studies high-speed |
|
Main – Main-Donau-Canal |
IWW |
Studies and works on several sections and bottlenecks; inland waterway ports: multimodal interconnections with rail |
|
Slavonski Brod |
Port |
Studies and works |
|
Giurgiu, Galați |
Port |
Further development of multimodal platforms and connections with the hinterland: studies and works |
|
Danube (Kehlheim - Constanța/Midia/Sulina) |
IWW |
Studies and works on several sections and bottlenecks; inland waterway ports:multimodal interconnections |
|
Sava |
IWW |
Studies and works on several sections and bottlenecks (including cross-border bridge) |
|
București – Dunăre Canal |
IWW |
Studies & works |
|
Constanța |
Port, MoS |
Port interconnections, MoS (including icebreaking services) |
|
Craiova – București |
Rail |
Studies and works |
3. Other Sections on the Core Network
|
Sofia to FYROM border |
Cross-border |
Rail |
Studies ongoing |
|
Sofia to Serbian border |
Cross-border |
Rail |
Studies ongoing |
|
Timișoara – Serbia border |
Cross-border |
Rail |
Studies ongoing |
|
Wrocław – Praha |
Cross-border |
Rail |
Studies |
|
Nowa Sól – Hradec Králové |
Cross-border |
Road |
Works |
|
Brno – AT border |
Cross-border |
Road |
Upgrading |
|
Budapest – Zvolen |
Cross-border |
Road |
Upgrading |
|
Budapest – SRB Border |
Cross-border |
Rail |
Studies |
|
Bothnian Corridor: Luleå – Oulu |
Cross-border |
Rail |
Studies and works |
|
Iași- MD border |
Cross-border |
Rail |
Studies ongoing and works |
|
Suceava-UA border |
Cross-border |
Rail |
Studies and works |
|
Priority Projects as defined in Annex III of Decision No 661/2010/EU (Prague - Linz, New High-capacity rail: Central Trans-Pyrenees crossing, "Iron Rhine" (Rheidt-Antwerpen)) |
Cross-border |
Rail |
Studies ongoing |
|
Târgu Neamt–Ungheni |
Cross-border |
Road |
Upgrading |
|
Marijampolė-Kybartai (LT/RU border) |
Cross-border |
Road |
Upgrading |
|
Vilnius-LT/BY border |
Cross-border |
Road |
Upgrading |
|
Ioannina– Kakavia(EL/AL border) |
Cross-border |
Road |
Studies |
|
Kleidi– Polikastro – Evzonoi(EL/FYROM border) |
Cross-border |
Road |
Upgrading |
|
Serres– Promahonas – EL/BG border |
Cross-border |
Road |
Works ongoing |
|
Alexandroupoli – Kipoi EL/TR border |
Cross-border |
Road |
Studies and works |
|
Dubrovnik – HR/ME border |
Cross-border |
Road |
Works |
|
Kędzierzyn Koźle – Chałupki-granica |
Cross-border |
Rail |
Works |
|
A Coruña - Vigo - Palencia Gijón - Palencia |
Bottleneck |
Rail, MoS |
Works ongoing (including ports and multimodal platforms) |
|
Frankfurt – Fulda – Erfurt – Berlin |
Bottleneck |
Rail |
Studies |
|
Rail Egnatia |
Bottleneck |
Rail |
Studies ongoing |
|
Sundsvall – Umeå – Luleå |
Bottleneck |
Rail |
Studies and works |
|
Zagreb – SR border |
Bottleneck |
Rail |
Studies and works |
|
A Coruña - Madrid (high-speed passenger service) |
Bottleneck |
Rail |
Works ongoing |
|
Stockholm – Gävle – Sundsvall |
Other core network |
Rail |
Works |
|
Mjölby – Hallsberg – Gävle |
Other core Network |
Rail |
Works |
|
Bothnian – Kiruna – NO border |
Other core network |
Rail |
Studies and works |
|
Milford Haven – Swansea – Cardiff |
Other core network |
Rail |
Upgrading |
|
Rail connection Sionainn/Shannon Faing/Foynes - Gabhal Luimnigh/Limerick junction |
Other core network |
Rail |
studies |
|
High Speed 2 |
Other core network |
Rail |
Studies & works for a high-speed line London – Midlands |
|
UA Border – Kraków – Katowice – Wrocław – Dresden |
Other core network |
Rail |
Works |
|
Riga – RU/BY border |
Other core network |
Rail |
Upgrading |
|
Vilnius – BY border |
Other core network |
Rail |
Upgrading, airport interconnection |
|
Kybartai – Kaunas |
Other core network |
Rail |
Upgrading |
|
Tallinn – Tartu – Koidula – RU border |
Other core network |
Rail |
Upgrading |
|
Marseille – Toulon – Nice – Ventimiglia – Genova |
Other core network |
Rail |
Studies high-speed |
|
Bordeaux – Toulouse |
Other core network |
Rail |
Studies high-speed |
|
Helsinki – Oulu |
Other core network |
Rail |
Upgrading of sections |
|
Bilbao – Pamplona – Zaragoza – Sagunto |
Other core network |
Rail |
Studies and works |
|
Brunsbüttel - Kiel (Nord-Ostseecanal) |
Other core network |
IWW |
Optimisation of navigation status |
|
Cardiff - Bristol - London |
Other core network |
Rail |
Upgrading, including Crossrail |
|
Alba-Iulia – Turda – Dej – Suceava – Pașcani – Iași |
Other core network |
Rail |
Studies and works |
|
București - Buzău |
Other core network |
Rail |
Rail infrastructure improvement and repair, and connections with the hinterland |
|
Ruhr area - Münster - Osnabrück - Hamburg |
Other core network |
Rail |
Upgrading of the section Münster - Lünen (doubletrack) |
|
Nantes - Tours - Lyon |
Other core network |
Rail |
Studies and works |
|
Ploiești-Suceava |
Other core network |
Rail |
Studies |
|
Heraklion |
Other core network |
Airport, combined transport infrastucture/systems |
Studies and construction works, upgrade and development infrastucture, multimodal interconnections |
|
Huelva – Sevilla |
Other core network |
Rail |
Works ongoing |
|
Fredericia-Frederikshavn |
Other core network |
Rail |
Upgrading, including electrification |
|
Barcelona – Valencia – Livorno |
Other core network |
MoS |
Upgrading |
PART II
LIST OF INFRASTRUCTURE PRIORITY CORRIDORS AND AREAS IN THE ENERGY SECTOR
1. Priority electricity corridors
(1) Northern Seas offshore grid ("NSOG"): integrated offshore electricity grid development and the related interconnectors in the North Sea, the Irish Sea, the English Channel, the Baltic Sea and neighbouring waters to transport electricity from renewable offshore energy sources to centres of consumption and storage and to increase cross-border electricity exchange.
Member States concerned: Belgium, Denmark, France, Germany, Ireland, Luxemburg, the Netherlands, Sweden, the United Kingdom;
(2) North-South electricity interconnections in Western Europe ("NSI West Electricity"): interconnections between Member States of the region and with the Mediterranean area including the Iberian peninsula, notably to integrate electricity from renewable energy sources and reinforce internal grid infrastructures to foster market integration in the region.
Member States concerned: Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Malta, Portugal, Spain, the United Kingdom;
(3) North-South electricity interconnections in Central Eastern and South Eastern Europe ("NSI East Electricity"): interconnections and internal lines in North-South and East-West directions to complete the internal market and integrate generation from renewable energy sources.
Member States concerned: Austria, Bulgaria, Croatia, Czech Republic, Cyprus, Germany, Greece, Hungary, Italy, Poland, Romania, Slovakia, Slovenia;
(4) Baltic Energy Market Interconnection Plan in electricity ("BEMIP Electricity"): interconnections between Member States in the Baltic region and reinforcing internal grid infrastructures accordingly, to end isolation of the Baltic States and to foster market integration, inter alia by working towards the integration of renewable energy in the region;
Member States concerned: Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, and Sweden.
2. Priority gas corridors
(1) North-South gas interconnections in Western Europe ("NSI West Gas"): gas infrastructure for North-South gas flows in Western Europe to further diversify routes of supply and increase short-term gas deliverability.
Member States concerned: Belgium, Denmark, France, Germany, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Spain, the United Kingdom;
(2) North-South gas interconnections in Central Eastern and South Eastern Europe ("NSI East Gas"): gas infrastructure for regional connections between and in the Baltic Sea region, the Adriatic and Aegean Seas, the Eastern Mediterranean Sea and the Black Sea, and to enhance diversification and security of gas supply;
Member States concerned: Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Germany, Greece, Hungary, Italy, Poland, Romania, Slovakia, Slovenia;
(3) Southern Gas Corridor ("SGC"): infrastructure for the transmission of gas from the Caspian Basin, Central Asia, the Middle East and the Eastern Mediterranean Basin to the Union, to enhance diversification of gas supply.
Member States concerned: Austria, Bulgaria, Croatia, Czech Republic, Cyprus, France, Germany, Hungary, Greece, Italy, Poland, Romania, Slovakia, Slovenia;
(4) Baltic Energy Market Interconnection Plan in gas ("BEMIP Gas"): gas infrastructure to end the isolation of the three Baltic States and Finland and their dependency on a single supplier, to reinforce internal grid infrastructures accordingly, and to increase diversification and security of supplies in the Baltic Sea region;
Member States concerned: Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, and Sweden.
3. Priority thematic areas
(1) Smart grids deployment: adoption of smart grid technologies across the Union to efficiently integrate the behaviour and actions of all users connected to the electricity network, in particular the generation of large amounts of electricity from renewable or distributed energy sources and demand response by consumers;
Member States concerned: all;
(2) Electricity highways: first electricity highways by 2020, with a view to building an electricity highways system across the Union that is capable of:
accommodating ever-increasing wind surplus generation in and around the Northern and Baltic Seas and increasing renewable generation in the East and South of Europe and also North Africa;
connecting these new generation hubs with major storage capacities in the Nordic countries, the Alps and other regions with major consumption centres, and
coping with an increasingly variable and decentralised electricity supply and flexible electricity demand;
Member States concerned: all;
(3) Cross-border carbon dioxide network: development of carbon dioxide transport infrastructure between Member States and with neighbouring third countries with a view to the deployment of carbon dioxide capture and storage.
Member States concerned: all.
PART III
TERMS, CONDITIONS AND PROCEDURES OF FINANCIAL INSTRUMENTS
Objective and rationale
The objective of the financial instruments under the CEF is to facilitate infrastructure projects' access to project and corporate financing by using Union funding as leverage.
The financial instruments shall help finance projects of common interest with a clear European added value, and facilitate greater private sector involvement in the long-term financing of such projects in the transport, telecommunications and energy sectors, including broadband networks.
The financial instruments shall benefit projects with medium- to long-term financing needs and shall produce greater benefits in terms of market impact, administrative efficiency and resource use.
They shall provide to infrastructure stakeholders such as financiers, public authorities, infrastructure managers, construction companies and operators a coherent market-oriented toolbox of Union financial assistance.
The financial instruments shall consist of:
an instrument for loans and guarantees facilitated by risk-sharing instruments, including credit enhancement mechanisms to project bonds ('Debt Instrument'); and
an instrument for equity ('Equity Instrument'),
which shall help to overcome market constraints by improving the financing and/or risk profiles of the infrastructure investments. This, in turn, shall enhance the access of firms and other beneficiaries to loans, guarantees, equity and other forms of private financing.
Prior to the finalisation of the design of the Debt and Equity Instruments, the Commission shall carry out an ex-ante assessment in accordance with Regulation (EU, Euratom) No 966/2012. Evaluations of existing, comparable financial instruments shall, where appropriate, contribute to that assessment.
I. Debt instrument
1. General provisions
The goal of the Debt Instrument shall be to contribute to overcoming deficiencies of the European debt capital markets by offering risk-sharing for debt financing. Debt financing shall be provided by entrusted entities or dedicated investment vehicles in the form of senior and subordinated debt or guarantees.
The Debt Instrument shall consist of a risk-sharing instrument for loans and guarantees and of the Project Bond Initiative. The project promoters may, in addition, seek equity financing under the Equity Instrument.
a. Risk-sharing instrument for loans and guarantees
The risk-sharing instrument for loans and guarantees shall be designed to create additional risk capacity in the entrusted entities. This shall allow the entrusted entities to provide funded and unfunded subordinated and senior debt to projects and corporates in order to facilitate promoters' access to bank financing. If the debt financing is subordinated, it shall rank behind the senior debt but ahead of equity and related financing related to equity.
The unfunded subordinated debt financing shall not exceed 30 % of the total amount of the senior debt issued.
The senior debt financing provided under the Debt Instrument shall not exceed 50 % of the total amount of the overall senior debt financing provided by the entrusted entity or the dedicated investment vehicle.
b. Project Bond Initiative
The risk-sharing instrument for project bonds shall be designed as a subordinated debt financing in order to facilitate financing for project companies raising senior debt in the form of bonds. This credit enhancement instrument shall aim at helping the senior debt to achieve an investment grade credit rating.
It shall rank behind the senior debt but ahead of equity and financing related to equity.
The subordinated debt financing shall not exceed 30 % of the total amount of the senior debt issued.
2. Financial parameters and leverage
Risk- and revenue-sharing parameters shall be set in such a way that specific policy objectives, including targeting of particular categories of projects, can be achieved while still preserving the market-oriented approach of the Debt Instrument.
The expected leverage of the Debt Instrument — defined as the total funding (i.e. Union contribution plus contributions from other financial sources) divided by the Union contribution — shall be expected to range from 6 to 15, depending on the type of operations involved (level of risk, target beneficiaries, and the debt financing concerned).
3. Combination with other sources of funding
Funding from the Debt Instrument may be combined with other ring-fenced budgetary contributions listed below, subject to the rules laid down in Regulation(EU, Euratom) No 966/2012 and the relevant legal base:
other parts of the CEF;
other instruments, programmes and budget lines in the Union budget;
Member States, including regional and local authorities, that wish to contribute own resources or resources available from the funds under the cohesion policy without changing the nature of the instrument.
4. Implementation
Entrusted entities
Entrusted entities shall be selected in accordance with Regulation (EU, Euratom) No 966/2012.
The implementation under indirect management mode may take the form of direct mandates to entrusted entities. For instruments under direct mandates (i.e. in indirect management mode), the entrusted entities shall manage the Union contribution to the Debt Instrument and shall be risk-sharing partners.
In addition, the setting-up of dedicated investment vehicles may be envisaged to allow the pooling of contributions from multiple investors. The Union contribution may be subordinated to that of other investors.
Design and implementation
The design shall be aligned with the general provisions for financial instruments set out in Regulation (EU, Euratom) No 966/2012.
The detailed terms and conditions for implementing the Debt Instrument, including monitoring and control, shall be laid down in an agreement between the Commission and a respective entrusted entity, taking into account the provisions laid down in this Annex and in Regulation (EU, Euratom) No 966/2012.
Fiduciary account
The entrusted entity shall set up a fiduciary account to hold the Union contribution and revenues resulting from the Union contribution.
5. Use of the Union contribution
The Union contribution shall be used:
towards risk provisioning;
to cover agreed fees and costs associated with the establishment and management of the Debt Instrument, including its evaluation and support actions, which have been determined in line with Regulation (EU, Euratom) No 966/2012 and market practice. The administrative and performance-based fees to be paid to the entrusted entity shall not exceed 2 % and 3 % respectively of the Union contribution effectively used for individual operations, on the basis of a cost-based agreed methodology between the Commission and the entrusted entities;
for directly related support actions.
6. Pricing, risk and revenue sharing
The Debt Instruments shall bear a price, to be charged to the beneficiary, in accordance with the relevant rules and criteria of the entrusted entities or dedicated investment vehicles and in line with best market practices.
As regards direct mandates to entrusted entities, the risk-sharing pattern shall be reflected in an appropriate sharing between the Union and the entrusted entity of the risk remuneration charged by the entrusted entity to its borrowers.
As regards dedicated investment vehicles, the risk-sharing pattern shall be reflected in an appropriate sharing between the Union and the other investors of the risk remuneration charged by the dedicated investment vehicle to its borrowers.
Notwithstanding the risk-sharing pattern chosen, the entrusted entity shall always share a portion of the defined risk and shall always bear the full residual risk tranche.
The maximum risk covered by the Union budget shall not exceed 50 % of the risk of the target debt portfolio under the debt instrument. The maximum risk-taking ceiling of 50 % shall apply to the target size of dedicated investment vehicles.
7. Application and approval procedure
Applications shall be addressed to the entrusted entity or a dedicated investment vehicle, respectively, in accordance with their standard application procedures. The entrusted entities and the dedicated investment vehicles shall approve the projects in accordance with their internal procedures.
8. Duration of the Debt Instrument
The last tranche of the Union contribution to the Debt Instrument shall be committed by the Commission by 31 December 2020. The actual approval of debt financing by the entrusted entities or the dedicated investment vehicles shall be finalised by 31 December 2022.
9. Expiry
The Union contribution allocated to the Debt Instrument shall be reimbursed to the relevant fiduciary account as debt financing expires or is repaid. The fiduciary account shall maintain sufficient funding to cover fees or risks related to the Debt Instrument until its expiry.
10. Reporting
The reporting methods on the implementation of the Debt Instrument shall be agreed by the Commission in the agreement and the entrusted entity in line with Regulation (EU, Euratom) No 966/2012.
In addition, the Commission shall, with the support of the entrusted entities, report annually to the European Parliament and the Council until 2023 on implementation, the prevailing market conditions for the use of the instrument, the updated projects and the project pipeline including information on projects at different stages of the procedure while respecting confidentiality and sensitive market information in accordance with Article 140(8) of Regulation (EU, Euratom) No 966/2012.
11. Monitoring, control and evaluation
The Commission shall monitor the implementation of the Debt Instrument, including through on-the-spot controls as appropriate, and shall perform verification and controls in line with Regulation (EU, Euratom) No 966/2012.
12. Support Actions
The implementation of the Debt Instrument may be supported by a set of accompanying measures. These may include, amongst other measures, technical and financial assistance, measures to raise the awareness of capital providers and schemes to attract private investors.
The European Investment Bank shall, at the request of the European Commission or the Member States concerned, provide technical assistance, including on financial structuring to projects of common interest, including the ones implementing the core network corridors as listed in Part I. Such technical assistance shall also include support to administrations in order to develop appropriate institutional capacity.
II. Equity instrument
1. General provisions
The goal of the Equity Instrument shall be to contribute to overcoming the deficiencies of European capital markets by providing equity and quasi-equity investments.
The maximum amounts of the Union contribution shall be limited as follows:
The project promoters may, in addition, seek debt financing under the Debt Instrument.
2. Financial parameters and leverage
Investment parameters shall be set in such a way that specific policy objectives, including the targeting of particular categories of infrastructure projects, can be achieved while still preserving the market-oriented approach of this instrument.
The expected leverage of the Equity Instrument — defined as the total funding (i.e. the Union contribution plus all contributions from other investors) divided by the Union contribution — shall be expected on average to range from 5 to 10, depending on market specificities.
3. Combination with other sources of funding
Funding from the Equity Instrument may be combined with other ring-fenced budgetary contributions listed below, subject to the rules of Regulation (EU, Euratom) No 966/2012 and the relevant legal base:
other parts of the CEF;
other instruments, programmes and budget lines in the Union budget; and
Member States, including regional and local authorities, that wish to contribute own resources or resources available from the funds under the cohesion policy without changing the nature of the instrument.
4. Implementation
Entrusted entities
Entrusted entities shall be selected in accordance with Regulation (EU, Euratom) No 966/2012.
The implementation under indirect management mode may take the form of direct mandates to entrusted entities, in indirect management mode. For instruments under direct mandates (i.e. in indirect management mode), the entrusted entities shall manage the Union contribution to the Equity Instrument.
In addition, the setting-up of dedicated investment vehicles may be envisaged to allow the pooling of contributions from multiple investors. The Union contribution may be subordinated to that of other investors.
In duly justified cases, in order to achieve specific policy objectives, the Union contribution may be provided to a specific project by an entrusted entity as a co-investment.
Design and implementation
The design shall be aligned with the general provisions for financial instruments set out in Regulation (EU, Euratom) No 966/2012.
The detailed terms and conditions for implementing the Equity Instrument, including its monitoring and control, shall be laid down in an agreement between the Commission and a respective entrusted entity, taking into account the provisions laid down in this Annex and in Regulation (EU, Euratom) No 966/2012.
Fiduciary account
The entrusted entity shall set up a fiduciary account to hold the Union contribution and revenues resulting from the Union contribution.
5. Use of the Union contribution
The Union contribution shall be used:
towards equity participations;
to cover agreed fees and costs associated with the establishment and management of the Equity Instrument, including its evaluation, which have been determined in line with Regulation (EU, Euratom) No 966/2012 and market practice; and
for directly related support actions.
6. Pricing, risk and revenue sharing
The equity remuneration shall comprise the customary return components allocated to equity investors and shall depend on the performance of the underlying investments.
7. Application and approval procedure
Applications shall be addressed to the entrusted entity or a dedicated investment vehicle, respectively, in accordance with their standard application procedures. The entrusted entities and the dedicated investment vehicles shall approve the projects in accordance with their internal procedures.
8. Duration of the Equity Instrument
The last tranche of the Union contribution to the Equity Instrument shall be committed by the Commission by 31 December 2020. The actual approval of equity investments by the entrusted entities or the dedicated investment vehicles shall be finalised by 31 December 2022.
9. Expiry
Union contribution allocated to the Equity Instrument shall be reimbursed to the relevant fiduciary account as investments are exited or otherwise mature. The fiduciary account shall maintain sufficient funding to cover fees or risks related to the Equity Instrument until its expiry.
10. Reporting
Annual reporting methods on the implementation of the Equity Instrument shall be agreed by the Commission and the entrusted entity in the agreement in line with Regulation (EU, Euratom) No 966/2012.
In addition, the Commission, with the support of the entrusted entities, shall report on implementation annually to the European Parliament and the Council until 2023 in accordance with Article 140(8) of Regulation (EU, Euratom) No 966/2012.
11. Monitoring, control and evaluation
The Commission shall monitor the implementation of the Equity Instrument, including through on-the-spot controls as appropriate, and shall perform verification and controls in line with the Regulation (EU, Euratom) No 966/2012.
12. Support actions
The implementation of the Equity Instrument may be supported by a set of accompanying measures. These may include, amongst other measures, technical and financial assistance, measures to raise the awareness of capital providers, and schemes to attract private investors.
PART IV
INDICATIVE PERCENTAGES FOR SPECIFIC TRANSPORT OBJECTIVES
The budgetary resources referred to in point (a) of Article 5(1), excluding those allocated to programme support actions, shall be distributed to the transport-specific objectives as defined in Article 4(2) as follows:
removing bottlenecks, enhancing rail interoperability, bridging missing links and, in particular, improving cross-border sections - 80 %;
ensuring sustainable and efficient transport systems in the long run, with a view to preparing for expected future transport flows as well as enabling the decarbonisation of all modes of transport through transition to innovative low-carbon and energy-efficient transport technologies, while optimising safety - 5 %;
optimising the integration and interconnection of transport modes and enhancing interoperability of transport services, while ensuring the accessibility of transport infrastructures, and taking into account the ceiling for on-board components of the SESAR system, RIS, VTMIS and of ITS for the road sector referred to in point (vi) of Article 10(2)(b) - 15 %.
The amount of EUR 11 305 500 000 transferred from the Cohesion Fund shall be spent entirely on projects implementing the core network or for projects and horizontal priorities identified in Part I of this Annex.
PART V
LIST OF GENERAL ORIENTATIONS TO BE TAKEN INTO ACCOUNT WHEN SETTING AWARD CRITERIA
When setting award criteria in accordance with Article 17(5), at least the following general orientations shall be taken into account:
maturity of the action in the project development;
soundness of the implementation plan proposed;
stimulating effect of Union support on public and private investment, when applicable;
the need to overcome financial obstacles, such as the lack of market finance;
when applicable, the economic, social, climate and environmental impact, and accessibility;
the cross-border dimension, when applicable.
PART VI
TRANSPORT FUNDING PRIORITIES FOR THE PURPOSE OF THE MULTIANNUAL AND ANNUAL WORK PROGRAMMES
1. Funding priorities for the multiannual work programmes
1.1. Funding priorities for the objective of bridging missing links, removing bottlenecks, enhancing rail interoperability, and, in particular, improving cross-border sections:
Pre-identified projects on the Corridors of the Core Network (railways, inland waterways, roads, maritime and inland ports).
Pre-identified projects on the other sections of the Core Network (railways, inland waterways, roads, maritime and inland ports).
Rail interoperability.
Deployment of ERTMS.
1.2. Funding priorities for the objective of ensuring sustainable and efficient transport systems in the long run, with a view to preparing for expected future transport flows, as well as enabling all modes of transport to be decarbonised through transition to innovative low-carbon and energy-efficient transport technologies, while optimising safety:
Deployment of new technologies and innovation in all transport modes, with a focus on decarbonisation, safety and innovative technologies for the promotion of sustainability, operation, management, accessibility, multimodality and efficiency of the network.
Safe and Secure infrastructure, including safe and secure parkings on the road Core Network.
1.3. Funding priorities for the objective of optimising the integration and interconnection of transport modes and enhancing the interoperability of transport services, while ensuring the accessibility of transport infrastructures:
Single European Sky – SESAR.
River Information Services.
Intelligent Transport Services for road.
Vessel Traffic Monitoring and Information Systems.
Motorways of the Sea.
Actions implementing transport infrastructure in nodes of the Core Network, including urban nodes.
Connections to and development of multimodal logistics platforms.
1.4. Programme support actions
2. Funding priorities for the annual work programmes
2.1. Funding priorities for the objective of removing bottlenecks, enhancing rail interoperability, bridging missing links and, in particular, improving cross-border sections:
Railways, inland waterways and roads projects on the Core Network including connections to inland and maritime ports and airports, as well as development of ports.
Projects on the Comprehensive Network (railways, inland waterways, roads, maritime and inland ports).
Projects to connect the trans-European transport network with infrastructure networks of the neighbouring countries, in particular related to cross-border sections (railways, inland waterways, roads, maritime and inland ports).
2.2. Funding priorities for the objective of ensuring sustainable and efficient transport systems in the long run, with a view to preparing for expected future transport flows, as well as enabling all modes of transport to be decarbonised through transition to innovative low-carbon and energy-efficient transport technologies, while optimising safety:
Deployment of new technologies and innovation, other than those covered by the multiannual Work Programme.
Freight Transport Services.
Actions to reduce rail freight noise, including by retrofitting of existing rolling stock.
2.3. Funding priorities for the objective of optimising the integration and interconnection of transport modes and enhancing the interoperability of transport services, while ensuring the accessibility of transport infrastructures:
Telematic applications systems other than those covered by the multiannual Work Programme.
Actions for better accessibility to transport infrastructure for disabled persons.
Actions implementing transport infrastructure in nodes of the Core Network, including urban nodes.
Connections to and development of multimodal logistics platforms.
2.4. CEF Financial instruments:
Contribution to the financial instruments, as defined in article 14 and Part III of the CEF annex.
Programme support actions for innovative financial instruments.
ANNEX II
"ANNEX
LIST OF INITIAL FREIGHT CORRIDORS
|
|
Member States |
Principal routes (1) |
Establishment of freight corridors: |
|
"Rhine-Alpine" |
NL, BE, DE, IT |
Zeebrugge-Antwerpen/Amsterdam/Vlissingen ((+))/Rotterdam-Duisburg-[Basel]-Milano- Genova |
By 10 November 2013 |
|
"North Sea – Mediterranean" |
NL, BE, LU, FR, UK ((+)) |
Glasgow (*1)/Edinburgh (*1)/Southampton (*1)/Felixstowe (*1)-London ((+))/Dunkerque ((+))/Lille ((+))/Liège ((+))/Paris ((+))/Amsterdam ((+))-Rotterdam-Zeebrugge ((+))/Antwerpen-Luxembourg-Metz-Dijon-Lyon/[Basel]-Marseille ((+)) |
By 10 November 2013 |
|
"Scandinavian – Mediterranean" |
SE, DK, DE, AT, IT |
Stockholm/[Oslo] ((+))/Trelleborg ((+))-Malmö-København-Hamburg-Innsbruck-Verona-La Spezia ((+))/Livorno ((+))/Ancona ((+))/Taranto ((+))/Augusta ((+))/ Palermo |
By 10 November 2015 |
|
"Atlantic" |
PT, ES, FR, DE ((+)) |
Sines-Lisboa/Leixões — Madrid-Medina del Campo/ Bilbao/San Sebastian-Irun- Bordeaux-Paris/Le Havre/Metz – Strasbourg ((+))/Mannheim ((+)) Sines-Elvas/Algeciras |
By 10 November 2013 |
|
"Baltic – Adriatic" |
PL, CZ, SK, AT, IT, SI |
Swinoujscie ((+))/Gdynia-Katowice-Ostrava/Žilina-Bratislava/Wien/Klagenfurt-Udine-Venezia/ Trieste/ /Bologna/Ravenna Graz-Maribor-Ljubljana-Koper/Trieste |
By 10 November 2015 |
|
"Mediterranean" |
ES, FR, IT, SI, HU, HR ((+)) |
Almería-Valencia/Algeciras/Madrid-Zaragoza/Barcelona-Marseille-Lyon-Turin-Milano-Verona-Padova/Venezia-Trieste/Koper- Ljubljana-Budapest Ljubljana ((+))/Rijeka ((+))-Zagreb ((+))-Budapest-Zahony (Hungarian-Ukrainian border) |
By 10 November 2013 |
|
"Orient/East-Med" |
CZ, AT, SK, HU, RO, BG, EL, DE (*1) |
— Bucureșt-Constanța Bremerhaven (*1)/Wilhelmshaven (*1)/Rostock (*1)/Hamburg (*1)-Praha-Vienna/Bratislava-Budapest — Vidin-Sofia-Burgas (*1)/Svilengrad (*1) (Bulgarian-Turkish border)/ Promachonas-Thessaloniki- Athína-Patras (*1) |
By 10 November 2013 |
|
"North Sea – Baltic" ((°)) |
Wilhelmshaven ((+))/Bremerhaven/Hamburg ((+))/ Amsterdam ((+))/Rotterdam/Antwerpen-Aachen/Berlin-Warsaw-Terespol (Poland-Belarus border)/Kaunas-Riga (*1)-Tallinn (*1) |
By 10 November 2015 |
|
|
"Rhine-Danube" ((‡)) |
FR, DE, AT, SK, HU, RO, CZ |
Strasbourg-Mannheim-Frankfurt-Nürnberg-Wels Strasbourg-Stuttgart-München-Salzburg-Wels-Wien-Bratislava-Budapest-Arad-Brașov/Craiova-București-Constanța Čierna and Tisou (Slovak/ Ukrainian border)-Košice-Žilina-Horní Lideč-Praha-München/Nürnberg |
By 10 November 2020 |
|
(1)
'/' means alternative routes. In line with the TEN-T guidelines, the Atlantic and the Mediterranean corridors should in the future be completed by the Sines/Algeciras-Madrid-Paris freight axis which crosses the central Pyrenees via a low elevation tunnel.
(2)
(+) Routes marked with + shall be included in the respective corridors at the latest 3 years after the date of establishment set out in this table. Existing structures defined under Article 8 and Article 13(1) of this Regulation shall be adjusted with the participation of additional Member States and infrastructure managers in the respective corridors. These inclusions shall be based on market studies and take into consideration the aspect of existing passenger and freight transport in line with Article 14(3) of this Regulation.
(*1)
Routes marked with * shall be included in the respective corridors at the latest 5 years after the date of establishment set out in this table. Existing structures defined under Article 8 and Article 13(1) of this Regulation shall be adjusted with the participation of additional Member States and infrastructure managers in the respective corridors. These inclusions shall be based on market studies and take into consideration the aspect of existing passenger and freight transport in line with Article 14(3) of this Regulation.
(3)
(°) Until the realisation of a Rail Baltic line in 1 435 mm nominal track gauge, the specificities of different track gauge systems shall be taken into account in the establishment and operation of this corridor.
(4)
(‡) The creation of this corridor shall be based on market studies and take into consideration the aspect of existing passenger and freight transport in line with Article 14(3) of this Regulation. The section "Čierna and Tisou (Slovak/ Ukrainian border)-Košice-Žilina-Horní Lideč-Praha" shall be established by 10 November 2013." |
|||
( 1 ) Regulation (EU) No 283/2014 of the European Parliament and of the Council of 11 March 2014 on guidelines for trans-European networks in the area of telecommunications infrastructure and repealing Decision No 1336/97/EC (OJ L 86, 21.3.2014, p. 14).
( 2 ) Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-20 (OJ L 347, 20.12.2013, p. 884).
( 3 ) Decision No 661/2010/EU of the European Parliament and of the Council of 7 July 2010 on Union guidelines for the development of the trans-European transport network (OJ L 204, 5.8.2010, p. 1).
( 4 ) Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments (OJ L 169, 1.7.2015, p. 1).
( 5 ) Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 (OJ L 193, 30.7.2018, p. 1).
( 6 ) Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999 (OJ L 248, 18.9.2013, p. 1).
( 7 ) Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities' financial interests against fraud and other irregularities (OJ L 292, 15.11.1996, p. 2).