Lia Potec, European Commission, DG MOVE Directorate B

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!
lia.potec@ec.europa.eu
Transport