Transport associations warn against risks of shifting CEF money to EFSI
11 March 2015
In view of this week’s Transport Council, the debate on the 2015 Annual Growth Survey, and transport policy’s contribution to EU Competitiveness, growth and jobs, a group of EU transport associations have voiced concerns on the way the European Union is tackling transport infrastructure financing and development.
A group of 14 associations, covering the rail, shipping and port sectors, have warned EU ministers of potentially damaging the Connecting Europe Facility (CEF).
According to the associations, the reallocation of a huge portion of the CEF budget (18.1% of the CEF transport grants budget in non-cohesion countries) as European Fund for Strategic Investments (EFSI) credit guarantee will put at risk many projects that have been identified as priorities of the TEN-T network.
The full text of the press release can be found in attachment.