EU announces commitment to invest €10 billion in sustainable transport connectivity in Central Asia

Asia-Plus

Led by Mr. Henrik Hololei, Hors Class Adviser of the Directorate General for International Partnerships of the European Commission, the high-level mission took place to Tajikistan on May 30-31.   

Press release, issued by the European Union (EU) Delegation to Tajikistan, says the EU announced the overall commitment to invest 10 billion euros in sustainable transport connectivity in Central Asia as combined contribution from international partners.

The European Commission under the EU Global Gateway strategy is preparing a regional transport program in support of the Trans-Caspian Transport Corridor (TCTC).

The Investors Forum on Sustainable Transport Connectivity between Europe and Central Asia gathered in January 2024 in Brussels representatives of the public and private sector, investors and financial institutions. The five Central Asia Countries expressed their political commitments to enhance transport corridors and so enhance and reinforce regional connectivity.

During his visit to Central Asian countries in April-May 2024, Mr. Hololei conducted a series of bilateral meeting with the Central Asia countries, exploring how to transform the political action into tangible investments.

During his mission to Tajikistan, Mr. Henrik Hololei reportedly met with the stakeholders relevant for discussions on the TCTC and the upcoming launch of the Coordination Platform which is planned for June 12; and contributed to the preparation of the EU’s future transport program for Central Asia.

Mr. Henrik Hololei reportedly also collected information on joint initiatives in the region and identified methods for enhancing coordination among stakeholders in the region’s transport sector to facilitate future investments in the Trans-Caspian Transport Corridor.

The Global Gateway strategy is the EU's positive offer to reduce the worldwide investment disparity and boost smart, clean and secure connections in digital, energy and transport sectors, and to strengthen health, education and research systems.  In a Team Europe approach that brings together the European Union, EU Member States, and European development finance institutions, together we aim to mobilize up to €300 billion in public and private investments from 2021 to 2027, creating essential links rather than dependencies, and closing the global investment gap.

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