CEF funding instrument
The Regulation establishing the Connecting Europe Facility (CEF) determines the prerequisites, methods and procedures in accordance with which trans-European networks are granted Union financial assistance for supporting transport, energy and telecommunications infrastructure projects. The total budget for CEF Transport is €24.05 billion for the period 2014-2020. INEA is responsible for implementing €22.4 of the CEF Transport budget in the forms of grants during the same period.
The Innovation and Networks Executive Agency (INEA) is the successor of the Trans-European Transport Network Executive Agency (TEN-T EA), which was created by the European Commission in 2006 to manage the technical and financial implementation of its TEN-T programme. INEA officially started its activities on 2014 in order to implement the following EU programmes:
- Connecting Europe Facility (CEF)
- Parts of Horizon 2020 – Smart, green and integrated transport + Secure, clean and efficient energy
- Legacy programmes: TEN-T and Marco Polo 2007-2013
INEA's main objective is to increase the efficiency of the technical and financial management of the programmes it manages.