Theso-called ‘projects of common interest’ will benefit from fast-track planningand reduced administrative costs in a bid to boost trans-European energyinfrastructure from 2014 to 2020.
They willalso have the chance to apply for funding from the budget pool, although thiswill not necessarily follow.
TheCommission hopes the funds will trigger more private investment. It has beenestimated that €100bn is needed to improvetransmission lines as part of a single, connected EU energy market with anincreasing share of renewable power.
Under
