Article 1 2.

provides for the identification of projects on the Union list of projects of common interest and of projects of mutual interest established pursuant to Article 3 (Union list);

facilitates the timely implementation of projects on the Union list by streamlining, coordinating more closely and accelerating permit granting processes, and by enhancing transparency and public participation;

provides rules for the cross-border allocation of costs and risk-related incentives for projects on the Union list;

determines the conditions for eligibility of projects on the Union list for Union financial assistance.