Facility for Eastern Partnership Investment in Connectivity (EPIC)
Project Description
EPIC is an initiative funded by the European Union (EU) and managed by the European Investment Bank (EIB), in cooperation with the European Bank for Reconstruction and Development (EBRD) and World Bank (WB). Specific Objective
More specifically, EPIC aims to:
• Provide Advisory Support and Technical Assistance to select, prepare and implement priority projects related to the TEN-T in accordance with international best practice and requirements and standards of the European Union and international financial institutions.
• Generate concrete, viable connectivity investments that can deliver tangible results for citizens.
• Strengthen local institutional capacity to prepare and implement transport infrastructure projects in line with international best practice and EU requirements.Expected Results
• Reduce travel time and cost
• Eliminate bottlenecks
• Improve road safety
• Adapt transport infrastructure to climate change
• Create socio-economic and environmental benefits for the citizens of the EU’s Eastern Neighbourhood
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PROJECT DETAILS
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