Rail finance: INEA – supporting rail projects
4 June 2014 • Author(s): Dirk Beckers, Executive Director of INEA
The Innovation and Networks Executive Agency (INEA)1 is the successor to the Trans-European Transport Network Executive Agency (TEN-T EA), which was originally created by the European Commission in 2006 to manage the technical and financial implementation of its TEN-T Programme dealing with transport infrastructure and the TEN-T network. Over the years, the TEN-T EA has demonstrated to be a well-organised agency which performs its mandated tasks in an effective and efficient manner. Dirk Beckers, Executive Director of INEA provides further details about the Agency, its key rail projects, and what the future holds.
From 1 January 2014, TEN-T EA became INEA. Beyond the management of the legacy of the TEN-T network and of the Marco Polo programmes, INEA now holds an extended mandate covering the implementation of parts of Union programmes in the field of transport, energy and telecommunications infrastructure (the new programme Connecting Europe Facility – CEF) and in the field of transport and energy research and innovation (parts of Part III Societal Challenges of the Horizon 2020 Specific Programme).
Through this extended mandate, INEA will allow stakeholders to benefit from the agency’s long-standing expertise and high quality of programme management and service delivery. It will also provide a single access point for funding for all potential beneficiaries. Finally, bringing together the management of infrastructure and research projects in the fields of transport and energy within INEA is expected to result in significant economies of scale and synergies between such activities – ultimately to benefit economic growth and EU citizens.