Summary
The European Union Cohesion Fund provides financial support to projects in the transport and environment sectors for 15 EU Member States, among the least developed of the EU. It totals EUR 61.5 billion for the 2007-2013 period. Grants from the Cohesion Fund are part of the EU regional cohesion policy, which also comprises the EU Structural Funds that finance a different set of projects. EU Structural and Cohesion Funds cover around thirty five percent of the total budget of the EU, and represent its main tools for economic infrastructure development. Generally, U.S. firms are eligible to participate in Cohesion Fund-financed projects with sectoral restrictions, as detailed in this report. A related Report on EU Structural Funds for 2007-2013 is also available on the U.S. Department of Commerce on-line library.