The transport sector plays a key role in the European economy, accounting for 10 % of total EU employment and being vital for the efficient transport of people and goods. Securing the future transport network and modernising the transport sector to make it more safe, reliable, efficient and green is thus, essential.
On this background, on the 5 September, ERRIN and POLIS (the European network of Cities and Regions on urban transport innovation), welcomed Karima Delli, Chairwoman of the TRAN Committee of the European Parliament, to discuss the future of the Connecting Europe Facility (CEF). The CEF has already contributed to many high-quality projects in the EU, and both networks recognise the importance of the CEF as the only European funding programme that offers the opportunity to finance the deployment of sustainable transport projects. Furthemore, a number of case presentations highlighted the key role which regions and local authorities play in the implementation of CEF projects.
Consequently, ERRIN, in collaboration with POLIS, has published a press release stressing our support of the renewal of the CEF beyond 2020.
WE EMPHASISE THREE MAIN POINTS:
- A decrease of the EU Budget, due to BREXIT, should not push the European Commission to envisage a drastic reduction in CEF subsidies.
- Due to the lack of return on investment, loans and financial instruments, as in EFSI2.0, will not be the solution to finance transport projects.
- A balance between subsidies and loans/financial instruments should be offered by the CEF and combining different funding sources could be a solution
Please find the press release attached above and feel welcome to share it with relevant actors.