Mediterranean

6. Financing issues and tools
As stated in previous Chapters, the Project list of the Mediterranean Corridor foresees
investments amounting to about 103 billion €, on time horizons going from 2016 to 2030
for the large majority of projects and overpassing 2030 for others.
Considering that the information of projects’ total cost is available for 90% of the
projects listed in the Corridor list, the financial need for Corridor implement at ion may
risk to present even higher figures for cost.
Accordingly, the effective implementation of the Corridor will surely need the definition
of a set of modern financial instruments too. This chapter briefly deals with the
identification of projects financing tools – different from budgets lines under
national/regional jurisdiction – that are currently available to Stakeholders and Member
States.
6.1 The Connecting Europe Facility (CEF Transport)
The Connecting Europe Facility (CEF Transport) supports trans- European networks and
infrastructures in the sectors of transport, telecommunications and energy. Under the
CEF, 26.25 billion € are made available from the EU’s 2014-2020 budget to co-fund TEN-
T projects in the EU Member States (of which 11.3 billion € is earmarked from the
Cohesion Fund and therefore applies to eligible Member States only 16 ).
From a transport point of view, besides allocating part of its budget to the CEF for the
development of the TEN-T transport networks, the Cohesion Fund supports transport
projects which clearly benefit the environment and/or develop and rehabilitate
comprehensive, high quality and interoperable railway systems, and promote noisereduction
measures. Under this context, the projects listed in the Mediterranean Project
list have benefited from the results of the latest 2015 CEF call, as described in the
following paragraph.
6.2 Projects generating revenues
In the Project list there is a specific indicator used to select those projects that can
potentially generate revenues, with 63 projects matching this definition.
The "project with potential revenues" is defined as a project whose expected revenues
are capable of completely covering the maintenance and operational costs that follow the
construction of the infrastructure, and (at least) partially pay back the construction
costs.
As shown in the following figures, a relevant majority of revenue-generating projects
belong to the Maritime and Road categories, but Rail category is the predominant one in
terms of cost for project realisation.
16 The Cohesion Fund is aimed at Member States whose Gross National Income (GNI) per
inhabitant is less than 90% of the EU average, i.e.: Bulgaria, Croatia, Cyprus, the Czech Republic,
Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and
Slovenia. For additional information on the Cohesion Fund please refer to Regultation (EU) N°
1303/2013
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