Connect with us

Economy

#EasternPartnership - #TEN-T Investment Action Plan of €13 billion for better connectivity with the EU and stronger growth in the region

SHARE:

Published

7 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Commission together with the World Bank have developed a new Indicative trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects in Armenia, Azerbaijan, Belarus, Georgia, Republic of Moldova and Ukraine.

Together, these almost 100 projects amount to an investment of almost €13 billion up to 2030 and foresee a total of 4,800 kilometres of road and rail, six ports, and 11 logistics centres. The agreement on the maps extending the TEN-T to the Eastern partnership countries has entered into force on 9 January.

European Neighbourhood Policy and Enlargement Negotiations Commissioner Johannes Hahn said: “The completion of the Indicative TEN-T Investment Action Plan is a joint commitment to deliver tangible results for citizens across the region. The Plan will assist decision-makers in prioritising strategic investments in transport infrastructure with the aim of completing the TEN-T network defined as one of the 20 deliverables for 2020 in the Joint Declaration of the last Eastern Partnership Summit in Brussels.”

Transport Commissioner Violeta Bulc said: “Enhanced transport connectivity both within the Eastern Partnership region, and between the Eastern Partnership region and the EU has the potential to bolster economic growth and create job opportunities. The Plan shall also serve to highlight the importance of road safety as well as digital solutions in new projects, and to align design standards with current EU practices.”

More information is available here.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending