Estonia, EU – Baltic States, Financial Services, Funds, Investments
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Saturday, 20.04.2024, 10:19
Estonian govt to speed up implementation of EU support and investment
"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.