The EU decides its core transport network and funding mechanism for infrastructure

The European Union has approved the Connecting Europe Facility.

This financial instrument will fund transport infrastructure projects which are considered a priority for the EU between 2014 and 2020. The total budget for financing transport infrastructure accounts to 26.3 billion.

Moreover, the EU has also approved the new core Trans-European Transport Network (TEN-T). The new core network includes 9 multi-modal, cross-border and transnational corridors. It will also help to connect 94 main European ports with rail and road links and 38 key airports with rail connections into major cities. Moreover, it will help to upgrade 15,000 km of railway lines to high-speed and to facilitate 35 cross border projects to reduce bottlenecks.
For more information about the core network of the TEN-T and the maps of new infrastructure corridors in all Member States, please visit the following link:

http://ec.europa.eu/transport/themes/infrastructure/new-core-network-key-figures_en.htm