At the Global Gateway Forum, EU Commissioner for Enlargement and Neighbourhood Olivér Várhelyi and European Investment Bank’s President Werner Hoyer formalised a financial package by which the European Commission will provide a grant of €16 million, through EIB Global, to improve the road safety in Georgia along Georgia’s East-West highway.
The project will include activities improving the physical safety of the roads, providing engineering services, and awareness-raising actions.
This will contribute to a decrease of road accidents in both number and severity. Moreover, enhanced safety on Georgia’s extended Trans-European Network – Transport (TEN-T), which connects the country to Europe as well as on certain local transport axes, will strengthen the country’s trade links and economic growth.
The project also contributes significantly to improving transport connectivity along the trans-Caspian corridor linking Central Asia to Europe across the South Caucasus.
