Eurocommission Invests €6.2 Bln Trans-European Transport Network

by Meifan Honcharuk
Thursday, June 22, 2023
Eurocommission Invests €6.2 Bln Trans-European Transport Network

Of these, €250 mln will be directed to the development of communication with Ukraine and Moldova

The European Commission has allocated €6.2 billion in grants to develop 107 projects, including the paths of solidarity for Ukraine and Moldova. The selected projects aim to develop railways, inland waterways and sea routes within the framework of the Trans-European Transport Network.

"I am particularly pleased that €250 million will improve cross-border ties between Ukraine, Moldova and their EU neighbours Romania, Hungary, Slovakia and Poland. These projects will facilitate the transport of goods between the EU and Ukraine, strengthening paths of solidarity," Adina Valean, European commissioner on transport issues.

The press service calls TEN-T "the foundations of the EU economy." Solidarity paths will increase exports and imports between Ukraine/Moldova and the rest of Europe. And this, in turn, will positively impact the economy.

It is planned that by 2030 TEN-T projects worth about €4.45 billion will be implemented in Ukraine.

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