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General

EU proceeds with EUR 34 bln Connecting Europe Facility

Monday 15 March 2021 | 09:07 CET | News
The European Parliament and European Council have reached a provisional agreement to renew the Connecting Europe Facility (CEF), as part of the 2021-2027 long-term EU budget. The scheme is designed to support the EU's green and digital transition with a view to improving digital infrastructure by 2030, reducing overall emissions by 90 percent by 2050 and boosting cross-border transport networks. The provisional agreement to free up EUR 33.7 billion in funding now has to be formally approved by both the European Parliament and the Council.

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Categories: General
Companies: European Commission
Countries: Europe
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