The European Union will allocate €17 billion for the economic and investment plan of the Eastern Partnership (EaP), including €2.3 billion aimed at creating the Black Sea strategic submarine electricity cable between Georgia and the EU.

The electricity cable will connect Georgia and the entire South Caucasus to Romania, allowing the export of green energy to Europe and the strengthening of mutual resilience.

Oliver Varhelyi, EU Commissioner for Neighbourhood and Enlargement, said the plan would include transport projects, the creation of a green railway, the strengthening of trade routes to the EU, digital communication projects such as the fiber optic cable under the Black Sea, and the above-mentioned electricity cable.

Economic and Investment Plan of #EasternPartnership ⏩️ €17b
It includes 📌 transport projects, eg. Railways ensuring Green lanes & reinforcing trade routes to the 🇪🇺📌digital connectivity projects, eg. Fibre optic cable under the Black Sea
📌 electricity cable, eg. 🇬🇪🇪🇺cable⤵️ pic.twitter.com/koegk8M9qF

— Oliver Varhelyi (@OliverVarhelyi) December 11, 2022

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