The Three Seas Initiative Investment Fund officially established
On the 5th of June, during the Three Seas Initiative Summit in Ljubljana, CEOs of Polish Bank Gospodarstwa Krajowego and EximBank Romania officially announced the establishment of The Three Seas Initiative Investment Fund. The Fund will focus on transport, energy and digital infrastructure projects in the Three Seas region.
On the 29th of May Polish Bank Gospodarstwa Krajowego (BGK) and Romanian EximBank signed incorporation act in Luxembourg. The fund is going to operate under Luxembourg law on commercial basis and market principles.
The Three Seas Initiative Investment Fund will carry out projects in areas that have been identified as priorities for the Three Seas region. These are sustainable transport infrastructure (i.e. railways, inland waterways, ports, and motorways); the energy sector and digital infrastructure.
The Fund is to enhance other financing sources, such as national resources of individual countries in the region or the EU funds. The investment strategy assumes the possibility to invest in various projects at various stages of advancement.
The Three Seas Initiative Investment Fund will support and supplement the EU programs and also will strengthen the competitiveness of the EU itself.