EC presented the draft budget for 2014-2020

On June 29, 2011, the European Commission presented the draft budget for 2014-2020, for which the EC President, José Manuel Barroso, proposed an increase of 4.8% from EUR 975 Billion to EUR 1,025 Billion.
In the attempt of attracting member states opposing to the budget increase proposal, the commission proposed the reduction of national contributions in conformity with the austerity measures implemented in Europe. Therefore, if for 2007-2013 each state had to contribute to EU’s budget with 1.12% of its national gross income, for 2014-2020, states would allocate 1.05% of their national gross income.
For the Cohesion Fund a EUR 376 Billion budget was proposed (2014-2020, EUR 162.6 Billion of which for convergence regions, EUR 38.9 Billion for transition regions, EUR 53.1 Billion for competitiveness, EUR 11.7 Billion for territorial cooperation and EUR 68.7Billion for the Cohesion Fund. Moreover, the EC is stressing infrastructure, seeking to endorse an additional fund of EUR 40 Million for transport, energy and ICT.
In the transports field, infrastructure development cost, according to the transport segment demand, is estimated at EUR 1.5 Trillion for 2010-2030. The finalisation of the TEN-T network requires a EUR 500 Billion investment by 2020, EUR 250 Billion of which should be directed to bottleneck removal projects.
EC has also published a preliminary list for mobility corridors and projects on the transport network, railway sections due to be financed by 2020.
For further details you can access:
http://ec.europa.eu/budget/library/biblio/documents/fin_fwk1420/MFF_COM-2011-500_Part_I_en.pdf
http://ec.europa.eu/budget/library/biblio/documents/fin_fwk1420/MFF_COM-2011-500_Part_II_en.pdf
For analyses on the draft budget for 2014-2020, read the following numbers of the Railway pro magazine, Infrastructure (August 2011), Mass Transport (September 2011), Freight& logistics (October 2011).