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Project details
Co-financing of Connectivity Projects in the Western Balkans Action ID
| Type of entry | Project |
|---|---|
| Date (start - end) | 31.12.2017 - 31.12.2024 |
| Scheduled status | Underway |
| Areas of intervention | |
| Sectors |
43010 - Multisector aid |
| Locations |
Albania Bosnia and Herzegovina Republic of North Macedonia Serbia Kosovo* Montenegro |
| Donors |
European Commission
European Commission LOI 15, 03/086 + 800 6 7 8 9 10 11 |
| Implementers |
Council of Europe Development Bank (CEB) DG NEAR, D5, Unit for Western Balkans Regional Cooperation and Programmes European Bank for Reconstruction and Development (EBRD) European Investment Bank (EIB) Kreditanstalt für Wiederaufbau (KfW) World Bank Group |
| Beneficiaries |
Albania Bosnia and Herzegovina Kosovo* Montenegro Serbia Republic of North Macedonia |
| Description | The action is to support the construction of energy and transport infrastructure, namely Projects of the Energy Community Interest (PECIs) and the Trans-European Transport Core Network (TEN-T core network) in the Western Balkans region. The European Commission will, via the Western Balkans Investment Framework (WBIF), co-finance mature energy and transport infrastructure projects together with loans from the international financial institutions, as part of the Connectivity Agenda/Berlin Process. This action will be instrumental in improving connectivity within the Western Balkans, as well as between Western Balkans and the European Union, and will serve as a driver for economic growth, jobs, and new investments in the region. |
* This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence