The EC announces the second investment package, 1.2 billion euros for the Western Balkans

The European Commission announced the sixth package of investments within the EU Investment Plan for the Western Balkans. It is about 1.2 billion euros for investments.

The EC said this package will support eight key new investments in water supply and sanitation, waste water treatment and rail transport, as well as innovation in small and medium-sized enterprises.

Investments will be made in close cooperation with partners from the Western Balkans and international financial institutions. The €1.2 billion investment package includes €300 million in EU grants from the Instrument for Pre-Accession (IPA III), additional bilateral contributions from EU member states and Norway, loans from international financial institutions and contributions from economies of the countries of the Western Balkans.

The European Commission approved the Investment Plan for the Western Balkans in 2020, which covers the period 2021-2027. This package aims to boost long-term recovery, accelerate green and digital transformation and encourage regional cooperation and convergence with the EU.

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