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EU project

Facility for Eastern Partnership Investment in Connectivity (EPIC)

Project Description
The Facility for Eastern Partnership Investment in Connectivity (EPIC) aims to improve transport networks in the Eastern Neighbourhood and contribute to enhanced connectivity both within the EaP region and between the EaP countries and the EU. It offers Armenia, Azerbaijan, Georgia, the Republic of Moldova and Ukraine free advisory support and technical assistance to improve transport connections. It will help Eastern partner countries realise investment projects in line with EU standards, in a way that is climate-proof and limiting environmental damage.

EPIC is an initiative funded by the European Union (EU) and managed by the European Investment Bank (EIB), in cooperation with the European Bank for Reconstruction and Development (EBRD) and World Bank (WB).
Specific Objective
The overall objective of EPIC is to support the European Neighbourhood Policy (ENP) in the Eastern Neighbourhood region and help build a common area of democracy, prosperity and increased cooperation. EPIC targets improvements in connectivity both within the EaP region and between EaP countries and the European Union.

More specifically, EPIC aims to:
• Provide Advisory Support and Technical Assistance to select, prepare and implement priority projects related to the TEN-T in accordance with international best practice and requirements and standards of the European Union and international financial institutions.
• Generate concrete, viable connectivity investments that can deliver tangible results for citizens.
• Strengthen local institutional capacity to prepare and implement transport infrastructure projects in line with international best practice and EU requirements.
Expected Results
Generate concrete, viable connectivity investments to:
• Reduce travel time and cost
• Eliminate bottlenecks
• Improve road safety
• Adapt transport infrastructure to climate change
• Create socio-economic and environmental benefits for the citizens of the EU’s Eastern Neighbourhood


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PROJECT DETAILS
Regional
Priority Area:
Partnership that creates
Subsector:
Connectivity (transport & energy)
Topic:
Transport
EaP Countries:
Republic of Moldova, Georgia, Ukraine, Armenia, Azerbaijan
Project Status:
Ongoing
Start Date:
27.12.2021
End Date:
26.12.2028
EU Project Number:
429-833
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