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Friday, 08 February 2019 17:00

EU adapts trans-European transport networks to prepare for a 'no-deal' Brexit

EU adapts trans-European transport networks to prepare for a 'no-deal' Brexit

The Romanian presidency has reached a provisional agreement with the European Parliament on a proposal to ensure new maritime connections between Ireland and the other EU countries on the North Sea-Mediterranean core network corridor of the Trans-European transport network (TEN-T) in the event that the United Kingdom leaves the EU without a negotiated agreement, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Commission.

 The reformulation of the corridor and a limited number of other targeted amendments to the Connecting Europe Facility (CEF) regulation will ensure continuity for infrastructure investments and provide legal clarity and certainty for infrastructure planning. The agreement will now be submitted to member states' representatives in the Council for endorsement.

The agreement relates to the 2013 CEF regulation, which provides funding for key projects in the transport, telecommunications and energy sectors until the end of the current EU long-term budget in 2020. After that, it will be replaced by CEF 2.0, on which negotiations between the Council and the European Parliament are ongoing.

The draft amending regulation will enter into force 20 days after publication. It will become applicable the day after the 2013 CEF regulation ceases to apply to the UK.

More details: https://www.consilium.europa.eu/en/press/press-releases/2019/02/08/eu-adapts-trans-european-transport-networks-to-prepare-for-a-no-deal-brexit-presidency-reaches-provisional-agreement-with-parliament/

Person in charge of the newsline: Olga Nagiyeva 

 

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