EU to invest EUR 30 bln in infrastructure projects in W. Balkans

EU

The European Commission will provide EUR 30 billion in grants and loans to the Western Balkans countries in the next seven years under its Global Getaway strategy for infrastructure development, European Commissioner for Neighborhood and Enlargement Olivér Várhelyi said, according to a report by news portal SeeNews.

The funding will be extended for investments in rail and road infrastructure that will connect all capitals in the region with each other and with the European Union, as well as investments in energy connectivity aimed at phasing out coal as the major energy source, Várhelyi said in a statement.

Under the plan, the Commission will also complete the Halkali-Kapikule Railway Line in Turkey and invest up to EUR 17 billion in projects in the Eastern Partnership countries. 

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