What is the total budget allocated to the Connecting Europe Facility?

Prepare for the CAST Project Management FG IV Test. Utilize flashcards and multiple choice questions, each with hints and explanations. Achieve success in your exam!

The total budget allocated to the Connecting Europe Facility (CEF) is indeed €30.4 billion. The CEF is a financial instrument established by the European Union to support the development of infrastructure in transport, energy, and digital services across Europe. This budget allocation reflects the EU's commitment to enhancing cross-border connections, promoting sustainable development, and ensuring that all member states can benefit from improved infrastructure.

The considerable funding allows for various projects aimed at improving and integrating European infrastructures, which is crucial for achieving the EU's broader economic and environmental objectives. The amount is specifically designed to address investment gaps in key infrastructure areas and to stimulate private investment alongside public funding, thereby maximizing the impact of the allocated budget.

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