Community infrastructure TENs Financing: New policy

1
Community infrastructure TENs FinancingNew
policy

• John-Hugh Rees
• DG TREN

2
The current situation

• New Communication - Building the Trans European
  Network.
• Public funds are poorly co-ordinated.
• Private investment very selective -financial rate
  of return - often low.

3
Problems identified by White Paper

• New infrastructure financing needs
• Limited public resources
• Accession countries
• Rail problems due to high costs and poor
  profitability.

4
FINANCIAL CHALLENGES

• 350B still required to complete TENs.
• 130B for the Essen projects alone.
• 100B needed for the new Member States.
• 15-20B currently invested by the EU.

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Financing needs
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Major steps
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Policy supported by community research

• 4th and 5th framework programme
• e.g. ExternE Pets Capri Unite Record-it
• follow-up in the 6th PCRD framework later this
  year
• More work on impact on periphery.
• Demand elasticity needs to be refined.

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Next step proposal of a modified Euro-vignette
directive

• Objectives
• Conclusions of the Brussels summit.
• New national systems.
• Set up common principles for commercial vehicles
• Define the nature of the costs to be internalised
  and when
• Set up the the conditions for implementation and
  those for exceptions
• Arrangements for implementation monitoring

9
Next step proposal of a road charging directive
Some countries are considering moving towards new
distance-related charging schemes
Current legislation Directive 1999/62/EC on
the charging of heavy goods vehicles
Minimum requirements for vehicle taxation
tolls and user charges
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Conclusions

• Aim to provide a coherent and stable guideline
  for TEN financing in an enlarged Europe
• Consistent with the objectives of the White
  Paper.
• Consequences for peripheral countries to be
  considered
• Pricing research needs to be continued.