2021-07-07 22:05:58 GMT2021-07-08 06:05:58(Beijing Time) Xinhua English
BRUSSELS, July 7 (Xinhua) The European Parliament on Wednesday adopted a 30-billion-euro package to fund transport, digital and energy projects until 2027.
The European Parliament said in a statement that lawmakers had given the green light to the updated Connecting Europe Facility (CEF) program, allocating more funds for transport infrastructure investments.
The facility had been agreed between Parliament and Council in March. The fund covers the period from 2021 to 2027 and will finance projects in the fields of transport, energy, and digital technologies.
It will ensure that essential Trans-European projects such as Rail Baltica, alternative fuels charging infrastructure and the roll-out of 5G coverage to important transport axes are finished on schedule by 2030.
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EU bank provides €106.7 mln to Georgia for major upgrades of East-West highway
The project aims to improve road safety on the motorway, cut travel times, reduce vehicle operating and maintenance costs, and increase the economic and territorial cohesion of Georgia. It also aims to improve connectivity within the South Caucasus region. Photo: Nino Alavidze/Agenda.ge. Agenda.ge, 1 Jul 2021 - 14:18, Tbilisi,Georgia
The European Investment Bank has provided an additional €106.7 million to upgrade two sections of Georgia s East-West (E60) highway, the country’s main road artery, and extend the motorway to the borders with Azerbaijan and Armenia.
The loan from the EU bank will finance two upgrades:
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