In an interview with Deutschland Radio Kultur, EIB Group President Werner Hoyer talks about the Bank’s role in helping to redress the investment crisis which risks leaving Europe at a competitive disadvantage compared to other world regions. In addition to discussing the potential of the Investment Plan for Europe to encourage economic growth and job prospects within Europe, the EIB President touched on the Bank’s important role outside of the Union. In the context of the current wave of global migration, President Hoyer underscores his vision for a dedicated and ambitious approach to development policy, changing the orientation away from global social policy towards a strategic approach that envisages potential for employment prospects and increased productivity globally.
Listen to the whole interview online here.Serbia-Bulgaria railway project on Corridor Xc launched
Construction work has begun on the Niš-Dimitrovgrad railway section near the Serbian city of Pirot. The project involves the reconstruction and modernisation of an existing unelectrified single-track railway line from Sićevo to Dimitrovgrad and the construction of the northern rail bypass around the city of Niš, as well as electrification and signalling work on both stretches. As part of the EU Economic and Investment Plan, the overall modernisation of up to 104 km of railway lines will result in shorter journey times and improved safety and regional connectivity, while enabling a gradual shift to more environmentally friendly transportation options.