The EU Trans-European Transport Network Policy & The Connecting Europe Facility Lia Potec, Policy officer European Commission DG Mobility and Transport Unit B4 Connecting Europe – Infrastructure Investment strategies 19/11/2014 Transport The new TEN-T maps • Comprehensive network to ensure accessibility to all regions • Core network focusing on the strategically most important parts • Maps contained in Annex I to the Regulation • List of nodes in Annex II • Indicative comprehensive network maps for the neighbouring countries in Annex III • Standards for all modes • Deadlines 2030/2050 Transport TEN-T Comprehensive and Core Network Railways (passengers) and airports TEN-T Network Standards (1/3) Railways • Comprehensive Network • • • • Electrification ERTMS 1435mm gauge Connection with freight terminals • Core Network • [see Comprehensive network plus] freight lines (>100 km/h, 750m train length, 22,5t axle load) Transport TEN-T Comprehensive and Core Network Railways (freight), ports and rail-road terminals TEN-T Network Standards (2/3) Roads • Comprehensive Network • High quality roads i.e. motorways, expressways, conventional strategic roads • Core Network [see Comprehensive network plus] • Rest areas on motorways all 100 km, including appropriate parking space for commercial road users • Availability of clean fuels Transport TEN-T Comprehensive and Core Network Roads, ports, rail-road terminals and airports TEN-T Network Standards (3/3) Other modes Comprehensive Network Implementation and deployment of telematic applications (RIS, VTMIS, e-maritime services, SESAR) Connection of airports and ports to TEN-T network by 2050 Core Network [see Comprehensive network plus] Availability of clean fuels at airports and ports Connection of ports and airports to TEN-T network by 2030 TEN-T Comprehensive and Core Network Transport Inland waterways and ports TEN-T Core Network Corridors and European Coordinators 9 multimodal corridors (defined until 2020*) •Implementation tools •Support the core network implementation •Synchronise investments (Corridor Work Plan), including deployment of new technologies and telematic applications •Alignment with the Rail Freight Corridors •Involvement of stakeholders •European Coordinators also for ERTMS and Motorways of the Sea * Alignment identified in Annex I of the Connecting Europe Facility Regulation Transport ScandinavianMediterranean Corridor Transport Connecting Europe Facility One instrument – three sectors The "European Infrastructure Package" Transport Guidelines Connecting Europe Facility Energy Guidelines €33.2bn to finance projects of EU common interest Transport Financing framework 20142020 Telecom Guidelines Sectoral policy frameworks (setting priorities for 2020, 2030, 2050) Connecting Europe Facility: budget Budget: €33.2 billion in current prices - €26.250 billion for transport (including €11.3 billion reserved for Cohesion MS) - €1.141 billion for broadband and digital services - €5.850 billion for energy infrastructure To be spent via - grants - innovative financial instruments Transport Other EU sources of financing for TEN-T (2014 -2020) • European Structural and Investment Funds - Cohesion Fund and European Regional Development Fund: ~€35bn • Loans from the European Investment Bank - Approximately €6.5bn per year (estimated €45.5 on 2014 2020) • Leftover from 2007-2013 Cohesion Fund Transport CEF (tansport): Budget allocation 80 – 85 % of total budget for core network projects preidentified in Annex I to the CEF Regulation • Horizontal priorities • Sections on the core network corridors • Other important core network cross-border and bottleneck sections 15 – 20 % of total budget for • • • • Other projects on the core network Projects on comprehensive network (max 5%) Projects in third countries Financial instruments (10%) Transport CEF: Priorities •Modes • Rail, inland waterways, multimodal platforms (ports, rail-road terminals) • Sections • Missing links, cross-border, bottlenecks, intermodal connections • Horizontal • ERTMS, SESAR, other telematic systems (RIS, ITS, e-Maritime...) • Motorways of the Sea, including alternative fuelling (LNG) deployment • New technologies and innovation focusing on decarbonisation, safe and secure infrastructure, ports and airports • Geographical • Core Network, Corridors on the Core Network •Political priorities: Commission Communication COM(2013)940 Transport CEF in Sweden Pre-identified projects in Annex I Baltic – Adriatic Corridor Turku/Naantali – Stockholm Ports, MoS – port interconnections, icebraking 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 Other core network sections Bothnian Corridor: Lulea – Oulu Rail cross-border – studies and works Sundsvall – Umea – Lulea Rail bottleneck – studies and works Stockholm – Gävle – Sundsvall Rail – works Mjölby – Hallsberg – Gävle Rail – works Bothnian – Kiruna – NO border Rail – studies and works Horizontal priorities (traffic management, new technologies) Transport CEF in Finalnd Pre-identified projects in Annex I North Sea – Baltic Helsinki - Tallinn Ports, MoS - port interconnections, (further) development of multimodal platforms and their interconnections, icebreaking capacity, MoS Scandinavian – Mediterranean 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, icebraking capacity Other core network sections Bothnian Corridor: Lulea – Oulu Helsinki – Oulu Cross-Border Rail studies and works Rail upgrading of sections Horizontal priorities (traffic management, new technologies) Transport CEF grants: co-funding rates CEF General Budget CEF Cohesion Envelope (a) Studies (all modes) (b)Works on 50% 85% Cross border Bottleneck Rail Other projects of common interest Cross border Bottleneck Inland waterways Other projects of common interest Inland transport connections to ports and airports (rail and road) 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 40% 30% 20% 40% 40% 20% 20% 20% 20% 20% 20% 20% 30% 85% 85% 85% 85% 85% 85% 85% 85% 85% 20% 20% 20% 85% Traffic management systems 50/20% 50% 20% 10% 85% 85% 85% 85% (core network) 85% Types of Projects SESAR, RIS & VTMIS ERTMS ITS for road Cross border road sections New technologies and innovation for all modes of transport Transport 20% Complementarity CEF – ESI Funds (1) CEF ESI Funds • High EU added-value on TENT Corridors and core network (as pre-identified in Annex I of the CEF Regulation) • High EU added-value projects to remove bottlenecks in transport networks, by supporting TEN-T infrastructure on both the core and comprehensive networks • More sustainable modes of transport: rail, IWW • All modes of transport • Regional mobility, through connecting secondary and tertiary nodes to TEN-T infrastructure • Network effect: strong coordination of investments in TEN-T needed • Common project pipeline for ESI Funds and CEF, to be included in the Operational Programmes • Corridors Work Plans • National Transport Master Plans Transport CEF grants: direct management Work Programme Call for proposals Evaluation Financing Decisions •On basis of CEF & TEN-T eligibility •AP & MAP •Adopted by MS in CEF Committee •Open from 11 September 2014 to 26 February 2015 •European and National info days •External evaluation, organised by INEA •Internal evaluation by Commission •Approval of list of selected projects by CEF Committee •March to July 2015 •Negotiated between INEA and project promoters •Conclusion before end 2015 Transport CEF: 2014 calls for proposals (GRANTS) • The Multi-annual Work Programme (MAP) • € 11 billion total, including €4bn from the Cohesion envelope • Only for projects pre-identified in Annex I of CEF (Corridors, other sections on the core network, horizontal priorities) • The Annual Work Programme (AP) • € 930 million • Other projects on the core network • Comprehensive network • Connections with neighbouring countries • Specific priorities which complement actions under the MAP (e.g.: Freight Transport Services, Actions to reduce rail freight noise) Transport CEF: Programme Support Actions • Support to participation in the core network corridors of (all) Member States • Strengthening administrative capacity of the Member States eligible for the Cohesion Fund • Technical assistance services for the development and implementation of projects implementing the TEN-T core network in the MS eligible to the Cohesion Fund • Technical assistance to improve capacity building for Railway Infrastructure Managers eligible to the Cohesion envelope Transport CEF: Financial instruments (1) • Added Value • Attract private investors to support the deployment of transport infrastructure projects of common European interest. • Obtain the best possible deal for the European tax-payer • Give access to finance to projects that would not be able to do it or only at very high price • Financial Instruments = 10% of the CEF envelope • Between EUR 1,300 and 2,400 million foreseen • Possible increase up to 20% of the CEF envelope, is set in the legal base • The estimated leverage effect is expected to range between 6 to 15; i.e. 1 EUR CEF to generate up to 15 EUR project finance Transport Transport CEF: Financial instruments (2) Full eligibility TEN-T core & comprehensive, all modes Projects with identifiable revenue streams or commercial benefits and long-term repayment high speed rail, ports and airports development, motorways, locks, rail connection to airport... support to rail infra managers, equipment of fleet with clean fuels or with on-board traffic management systems... deployment of clean fuels or traffic management systems on ground and on-board, joint procurement for clean urban transport or road electrification... Partnership with financial institutions, such as EIB Transport Financial instruments (3) • Type of Financial instruments • Equity intruments Risk-capital, e.g. Marguerite Fund Investing in equity reduces the need for debt and reduces the level of risks • Debt instruments Guarantees and risk-sharing instruments, e.g. LGTT and Project Bonds - LGTT to support bank lending - Project Bonds made to support investment from Capital Market investors (Pension funds, insurance companies) CEF can contribute to the RSFF (Risk-Sharing Finance Facility under FP7/Horizon 2020). - RSFF can provide loans or guarantee for projects with innovation, research or technological risks, up to 50% of the eligible costs. Transport CEF: Financial instruments (4) € 1 million from the EU Budget can generate € 20+ million in investments (leverage effect) Project Company, - paying investment costs, interests, operational costs… - Receiving revenues (from users, authorities…) - Reimbursing debt Total cost: €700m Senior Debt in forms of loans or bonds Banks providing loans or Bonds bought by Pension Funds and insurance company) €600m Sub-debt (funded or unfunded) provided by financial partner Financial partner (EIB or national investment €100m banks) €30m Funds from CEF Funds from project sponsors or infrastructure owners Equity European €100m Investment Bank Transport Thank you for your attention! [email protected] Transport
© Copyright 2024