Ukraine Included in the Mechanism “Connection of Europe”

by Meifan Honcharuk
Friday, June 9, 2023
Ukraine Included in the Mechanism “Connection of Europe”

The European Union allocated €33 bln for the development of Ukraine's transport infrastructure

On June 6, Ukraine became the first country that is not part of the European Union but included in the EU infrastructure development program Connection of Europe. Minister of infrastructure of Ukraine Oleksandr Kubrakov and EU commissioner for transport Adina Velyan signed an agreement to promote Ukraine's integration into the EU single market, which, in turn, will be the start of strengthening the economy and increasing foreign investment.

"Thanks to this, Ukraine becomes part of the infrastructure of Europe, and the budget that we agreed on is quite large — it is €33 billion," Adina Velyan.

According to the terms of the agreement, 50% of the investment will be made by the applicant country and 50% — by the program budget.

"This agreement, which we signed today, already allows, together with the European Union, to develop our border infrastructure, checkpoints, and transport network. First of all, the emphasis on developing export logistics on our western borders. We are already discussing the implementation of the first 6 project proposals with European partners," Olexandr Kubrakov.

Participants of the Ukrainian logistics market can already apply to participate in TEN-T until 2027. This is the start of developing the common infrastructure of Ukraine and Europe.
We remind you that Ukraine and Moldova were added to TEN-T in April this year.

The agreement was signed on the day the Kakhovka dam was blown up. Adina Velyan noted that the inclusion of Ukraine in the Connection of Europe opens up more opportunities for our country to restore the damaged infrastructure.

You will be interested