Rémi Mayet European Commission DG MOVE

In 2004 it was estimated that to complete the 30 priority axis by 2020 €225 billion is needed, however the latest estimates show that the total cost will be around €251 billion. The finalisation of the whole TEN – T network by 2020 would cost €600 billion On the other hand for the period 2007 – 2013 only €8 billion is allocated to the TEN – T out of the TEN budget. The consequence is that: There is a need to look for alternative ways of financing the other TEN – T infrastructure: Structural (€ 24 billion for the period 2007 – 2013) and Cohesion Funds (€31 billion for TEN T in the period 2007 – 2013) European Investment Bank (about € 54 billion for the period 2007 – 2013) PPP: Two options: Covering of the revenue / demand risk: The Commission and EIB are working on a guarantee instrument that will provide security for standby credit facilities aimed at covering post construction risks during the early operational phase. The objective of this instrument would be reducing one of the main obstacles to private sector participation in transport infrastructure investments - low private sector appetite to assume initial traffic revenue risk. Covering Availability risk (availability of the service or the quality of the service). Note: total TEN budget about 8.168 billion of which: 8.01 billion for TEN-T 115 million for TEN-E

REDUCE UNCERTAINTY

The Communication: main actions Integrate ports in the TEN-T corridor and use CEF for developing ports and hinterland connections Simplify customs formalities for intra-EU shipping ("Blue Belt") Promote an EU social dialogue between port employees and employers

The proposed Regulation Objectives: Modernize port services Attract investments Legal certainty Level playing field Key measures: Clearer and easier access to the market Financial transparency and autonomy of ports

Scope All 319 TEN-T ports 8 port services covered Core Comprehensive Bunkering Cargo handling Dredging Mooring Passenger services Port reception facilities Pilotage Towage

Market Access Freedom to provide service Four possibilities to restrict it: 1. Minimum requirements 2. Limitation of the number of providers 3. Public service obligations 4. Internal operator

… important changes from the 2001 and 2004 port packages Cargo Handling and passenger services not covered Self-handling left to subsidiarity Port labour regimes not addressed

Financial transparency and autonomy Transparency requirements for ports which receive public funds Autonomy of port managing bodies to set port infrastructure charges Obligation to inform users about tariffs

The new EU Port Policy in short Large benefits: 10 billions until 2030, attract investments, generate new traffic, reduce hinterland congestion, create jobs A comprehensive set of actions from TEN-T to the Social Dialogue A legislative proposal focused more on transparency and less on liberalization

Thank you for your attention ! remi.mayet@ec.europa.eu