The Global Gateway Investors Forum in Brussels on January 29-30 marks a pivotal moment in EU-Central Asia relations, particularly in enhancing transport connectivity. European Commission Executive Vice President Valdis Dombrovskis’ announcement of €10 billion in investments underscores a commitment to sustainable development in Central Asia. With a focus on transforming the Trans-Caspian Transport Corridor, the forum aims to expedite Europe-Central Asia trade, crucial in light of geopolitical tensions like Russia’s invasion of Ukraine. The European Investment Bank’s €1.47 billion commitment, facilitated by European Commission guarantees, sets a concrete precedent for future collaboration. EU’s Margaritis Schinas and Adina Vălean’s remarks highlight the strategic importance of the Trans-Caspian route in fostering economic growth, job creation, and regional integration. As the EU advances its Global Gateway strategy, this forum exemplifies the convergence of public and private sectors in realizing ambitious infrastructure projects. Ultimately, the investments made here signal a tangible step towards a faster, safer, and more sustainable Europe-Central Asia transport network.
It is worth noting that the main route of this transport corridor passes through Kazakhstan, as a reliable, financially stable player in the region.
Gareth Stamp, Eurasian Star’s editor-in-chief
