Under the European Action for Growth initiative, the EIB committed to increasing its dedicated TENs Investment Facility (TIF) contribution, introducing a priority lending facility of EUR 75 billion for TEN-T until 2013 and a further EUR 0.5-1 billion annually for TEN-E. TEN-Telecommunications is currently dealt with as part of the Innovation 2010 Initiative (i2i).
In the TEN-Transport (TEN-T) sector, the European Action for Growth identified 30 priority projects amounting to an estimated EUR 225 billion of the total investment costs. The priority projects were selected on the basis of their:
21 of the 30 priority projects are rail schemes, but road, port and airport schemes are also included.
In addition, the Commission's priority list of TEN-Energy projects (TEN-E) comprises a total of 10 electricity and natural gas transportation schemes, ranging from small cross-border power links to transcontinental gas pipelines.
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