Transcript Slide 1

Financing transport
infrastructure with the
Connecting Europe Facility
Next steps after the
negotiations
Matthieu Bertrand
DG MOVE, Unit B4 Connecting Europe - Infrastructure Investment Strategies
Transport
Connecting Europe Facility
One instrument – three sectors
Connecting
Europe Facility
Transport
Guidelines
Energy
Guidelines
The "European Infrastructure
Package"
(European Commission proposal,
October 2011)
Transport
Financing
framework 20142020
Telecom
Guidelines
Sectoral policy
frameworks
(setting priorities
for 2020, 2030,
2050)
Update on the Connecting Europe
Facility
• Conclusive informal trilogue : 27/06
• Vote in the TRAN/ITRE EP Committee : 7/10
• Next steps
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Debate and Vote in the EP Plenary : 22 & 23/10
Adoption by Council : end October/early Nov
Signing of the text by EP President: week of 18/11
Publication at the Official Journal: end November?
Entry into force : one day after publication
Entry into application : 01/01/2014
• BUT: the First work programmes can be adopted
only after the adoption of a delegated act…
Transport
CEF budget
• €23.1 billion for TEN-T (-40% vs EC)
(€26bn in current prices)
•European Council agreement 7-8 February 2013
• EP resolution backed the agreement. Vote on the MFF Regulation in Autumn expected to be
positive.
•€13.1bn available to all Member States
(€14.8n in current prices)
•€10bn to be transferred from the Cohesion Fund
(€11.3bn in current prices)
• To be allocated exclusively to projects in Cohesion Fund eligible Member States
• Respect of National allocations under the Cohesion Fund until end 2016
• Specific Programme support actions for MS experiencing difficulties in proposing projects
•To be spent via:
Grants (estimated €21.1 billion)
Innovative financial instruments (€2 billion estimated market uptake)
Transport
Main results of the negotiations:
Enlarged eligibility
• 80 – 85 % of available budget through
MAPs for pre-identified projects listed
in Annex 1
• 4 horizontal priorities (addition of
innovation and new technologies, MoS,
Safe and secure infrastructure)
• 9 core network corridors (addition of new
projects and changes in the alignment)
• and other important cross-border and
bottleneck sections (many sections
added)
• 15 – 20 % for other projects of the core
and comprehensive networks (new
addition, up to 5% of the CEF envelope)
and for financial instruments
Transport
Revised Co-funding rates
All Member
States
Member States
eligible for
Cohesion Fund
(a) Studies (all modes)
(b)Works on
50%
85%
Rail
Cross border
Bottleneck
Other projects of common interest
Inland waterways
Cross border
Bottleneck
Other projects of common interest
Inland transport connections to ports and airports (rail and road)
40%
30%
20%
40%
40%
20%
20%
85%
85%
85%
85%
85%
85%
85%
Development of ports
Development of multi-modal platforms
Reduce rail freight noise by retrofitting of existing rolling stock
Freight transport services
Secure parkings on road core network
Motorways of the sea
20%
20%
20%
20%
20%
30%
85%
85%
20%
20%
20%
85%
Types of Projects
Traffic management systems
SESAR, RIS, VTMIS (ground/onboard) 50/20%
85%
ERTMS
50%
85%
ITS for road
20%
85%
Cross border road sections
10%
85%
New technologies and innovation for all modes of transport
20%
85%
Transport
Other changes in eligibility
• Eligibility of VAT
• VAT to be eligible when not recoverable under national
law and by a beneficiary other than a non-taxable person
• Rules of the Cohesion Fund for the €10bn
• Purchase of land
• Is an eligible costs under the €10bn in line with rules of
the Cohesion Fund
• Timing
• Apart for 2014, costs eligible for financing shall not have
been incurred prior to the date of submission of the grant
application.
• Cancellation possible for studies which have not been
started within one year following the start date and two
years for works
Transport
Constraints for the implementation (1)
• Split of the available budget per objective
• EP and Council added an annex IV setting percentages
for the 3 transport specific objectives of the CEF
(i)
removing bottlenecks, enhancing rail interoperability, bridging missing
links, and, in particular, improving cross-border sections - 80%;
(ii)
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 lowcarbon and energy efficient transport technologies, while optimising safety - 5%;
(iii)
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 SESAR, RIS, VTMIS and of ITS for the road sector referred to in
article 10(2)c(iv) - 15 %.
Transport
Constraints for the implementation(2)
• Numerous caps and limits: EP and Council added
additional caps and limits for certain eligible actions:
• capping for on-board components of traffic
management systems, including SESAR but excluding
ERTMS, of 5% of the transport envelope of CEF.
a maximum of €1.3bn can be spend via grants on on-board components of SESAR,
RIS, VTMIS and ITS for road.
• capping of 5% for the comprehensive network
Limiting the funding to €1.3bn
• capping of 1% for freight noise (retrofitting of rollingstock),
limiting the funding to €260m
Transport
Constraints for the implementation(3)
• Numerous caps and limits: EP and Council added
additional caps and limits for certain eligible actions
(2):
• 1% Capping for programme support actions consisting
of technical and administrative assistance expenses
incurred by the Commission for the management of
the CEF
It includes the cost of the Executive Agency
• several caps for financial instruments: 10% overall
capping for all financial instruments + limit of €230m
for Project Bonds until 2015.
Transport
Constraints for the implementation(4)
• EP and Council adopted a list of general orientations
be taken into account when setting the award
criteria:
• maturity of the action in the project development;
• soundness of the implementation plan proposed;
• stimulating effect of Union support on public and
private investment;
• need to overcome financial obstacles such as the lack
of market finance;
• when applicable, economic, social, climate and
environmental impact, and accessibility;
• cross-border dimension
Transport
The delegated act on funding
priorities
• Result of difficult negotiations
• EP wanted MAP to be adopted as delegated acts,
with € allocated to each of the priorities during 2014
-2020
• MAP to be adopted as implementing acts
• but Commission to adopt delegated acts to detail the
funding priorities to be reflected in the work
programmes, without indicative amounts.
• Commission has to adopt the delegated act on
funding priorities before the 1st work programmes
can be adopted.
Transport
Next steps for the delegated act
• Target date:
• adoption of the delegated act and the
Communication just after the entry into force of the
CEF and TEN-T Guidelines Regulations
• Provisional planning
• Meeting with the consultative Expert group for
preparation of the DA on 26/09 & 7/11
• Inter-service consultation early November
• CEF and Guidelines to enter into force after
publication at the Official Journal
• Adoption of the DA by College early December
Transport
Impact for the 2014 work programmes
and calls
• Scrutiny period:
• After the DA is tabled by EC, EP and Council have a 2month scrutiny period to reject the act.
• This period could be extended by 2 months
• WP cannot be adopted before DA is adopted
Entry into force of CEF
1/12
DA proposal by EC
5/12
Scrutiny until…
5 Feb 2014
5 April 2014
Adoption of 2014 Work
Programme
February
April
Publication of calls
Feb- March
April-May
Transport
Main features of the 2014 Work
programmes and calls
• 1 MAP for the €10bn transferred from Cohesion Fund,
only for Cohesion MS
(total budget: ~€11.2bn in current prices)
• 1 MAP for the 28 EU MS
• 1 AP for the 28 EU MS
total budget for CEF without the transferred from Cohesion fund: ~€14.8bn in current
prices)
• The size of the calls will be evaluated on the basis of
MS project pipelines
Will be done in cooperation with MS authorities and DG REGIO, especially for Cohesion
MS
• No plan to have an AP for the €10bn
All key projects on the Core Network are in included in the Annex, covered by the MAP
• No plan to adopt in 2014 the multi-sectoral call for
proposals for actions with synergies
One joint multi-sectoral call will haveTransport
to be adopted between 2014 -2020.
Any questions?
Thank you for your attention
Transport