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Estonian govt to speed up implementation of EU support and investment

BC, Tallinn, 14.09.2016.Print version
The Estonian government wishes to speed up the implementation of European Union structural support of the current period and to also bring forward major investments, so as to invigorate the economy and raise people's standard of living, informs LETA/BNS.

"It is the government's goal to already this year speed up the use of euro support and to bring forward investment of the money in order to give fresh momentum to the economy. After all it is clear that the faster we bring that money into the economy, the faster the Estonian economy and all of us will gain from it," sai Prime Minister Taavi Roivas.

 

Estonia is about to get 3.5 bln euros in EU structural and investment support in the current financing period lasting from 2014-2020. Together with co-financing by Estonia the total value of the package already under work is 4.6 bln euros, meaning that 1.26 mln euros will be invested every day.

 

The major projects for 2014-2020 are the construction of the Haabersti road intersection in western Tallinn, of Reidi Road to the east of the capital's city center and of Tallinn Ring Road, building a tram line extension to the airport, and building Rail Baltic and Balticconnector.

 

Besides each county will get a state gymnasium, 100 schools will get a digital infrastructure and technology upgrade, major urban areas will get 2,300 new kindergarten places and 140 kilometers of non-motorized traffic routes will be built.






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