New TEN-T guidelines and CEF

Policy Document
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As of January 2014, the European Union has a new transport infrastructure policy that connects the continent between East and West, North and South. This policy aims to close the gaps between Member States' transport networks, remove bottlenecks that still hamper the smooth functioning of the internal market and overcome technical barriers such as incompatible standards for railway traffic. It promotes and strengthens seamless transport chains for passenger and freight, while keeping up with the latest technological trends. This policy is vital for Europe to re-boost its economy and to generate new jobs. The budget of €24.05 billion up to 2020, in combination with funds from other EU sources and the European Investment Bank, should significantly stimulate investments and ensure a successful implementation of the new infrastructure policy.
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