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The TEN-T network extension toward the Western Balkans and the region’s integration into the EU rail market is close to implementation, pending some more steps. The region could prove of utmost importance for an efficient European railway network and may be the key to improved connectivity between Europe and Asia.
There are currently multiple investment plans targeting the Western Balkans, with the EU’s Economic and Investment Plan (EIP) leading the way to transform the region. What plans does the EU have for this territory, and how will they change EU rail transport?
What is the EIP for Western Balkans?
First of all, according to the EU Commission, the EIP “aims to spur the long-term economic recovery of the Western Balkans region, support a green and digital transition, foster regional integration and convergence with the European Union”. The Commission adopted it in 2020. It also includes the funding of infrastructure projects that will contribute to the economic growth of the countries involved and the well-being of the residents.
As a result, rail development and investments could not be excluded. As Maja Bakran, deputy director general at DG MOVE highlighted during a UNIFE online event on Monday, 23 May, the “TEN-T policy is the strongest vehicle for integrating neighbouring countries to the EU”. Read more
Source: RAILFREIGHT.COM
