Directorate general for Energy and Transport European Commission October 2003 The trans-European transport network: new guidelines and financial rules Proposals of the Commission

Directorate general for Energy and Transport2 Policy context l Economic situation: Lisbon objectives ? l Enlargement as from 1st May 2004 l Higher requirements for modal rebalancing and intermodality l TEN is part of a wider transport policy l Subsidiarity issues

Directorate general for Energy and Transport3 Investments in transport infrastructure in % GDP AustriaBelgiumDenmark Finland FranceGermany GreeceIreland ItalyLuxembourg NetherlandsPortugal SpainSwedenUK

Directorate general for Energy and Transport4 Policy context l Economic situation: Lisbon objectives ? l Enlargement as from 1st May 2004 l Higher requirements for modal rebalancing and intermodality l TEN is part of a wider transport policy l Subsidiarity issues

Directorate general for Energy and Transport5 Commission’s proposals: three building blocks l Target European priorities l Organisational means to facilitate their co-ordination l Financial framework

Directorate general for Energy and Transport6 Motorways of the sea An important potential An example: Rotterdam-Bilbao Volume of traffic for which road transport cost > maritime transport cost = 8 million tonnes

Directorate general for Energy and Transport7 Organisational means l European Co-ordinators to advise project promoters on financing and evaluation methods and dialogue with operators, including on network operation issues l Integrate evaluation procedures for cross- border projects (Declaration of European Interest)

Directorate general for Energy and Transport8 Financial framework:investment needs € 224 billion until 2020 The emerged part of the iceberg: total cost around € 600 bn

Directorate general for Energy and Transport9 Three sources of financing to combine : l National tax payers: the lion share l Community budget to be more incitative: 30% for cross-border projects l Users could bring around 20%