EIB Global To Support Sustainable Transport In Central Asia With Co-Financing Of Almost €1.5 Billion
Business
The European Union will provide a helping hand to upgrade the transport sector in Central Asia through the EIB co-financing provided under favorable terms.
The financing is expected to mobilize additional capital resulting in total support to sustainable transport projects of €3 billion.
The EIB will also share its global long-term expertise in this sector with its partners in Central Asia — the Bank has financed transport projects to the tune of €136.5 billion globally over the last decade.
EIB support for sustainable transport in the region will help to achieve EU priorities as defined in the EU-Central Asia Roadmap and to implement targets of the Global Gateway, which is essential for modernizing economies and societies inside and outside the European Union.