Trans-European Transort Network Executive Agency (TEN-TEA) created01/05/07 / cata_european-union-news

The Trans-European Transport Network Executive Agency (TEN-TEA) has been created by the Commission’s Decision C(2006)5034 of 26 October 2006, in accordance with Council Regulation (EC) No. 58/2003. Once operational, the Agency will manage the Community funds available for the promotion of the Trans-European Transport Network (established with the Decision on Community guidelines for the development of the Trans-European Transport Network) in close collaboration with Directorate-General Energy and Transport of the Commission. Starting from 2007 the Agency manages an annual budget of approximately 1 billion Euros. TEN-TEA is located in Brussels and its multinational team is composed of up to 99 specialists experienced in finance, project management, engineering and legal affairs.