The New Aegean – Baltic TEN-T Corridor
Why do we need the New Aegean-Baltic TEN-T Corridor?
We need the New Aegean-Baltic TEN-T Corridor because it relieves the already clogged up transportation system in the central part of Europe. Moreover, it will play an important role as a new shortcut for major transportation flows of goods between the Suez Canal, Central Europe, and the Baltic Sea Region.
What is the current situation in this part of Europe?
There is a general lack of adequate transport infrastructure between Northern and Southern Europe or even on a smaller scale. Such is the case of the Bucharest – Warsaw rout, for instance, which takes 27 hours, or Sofia – Bucharest – 9:40 hours.
In comparison, traveling between points in Western Europe with similar distance from each other would generally take between 2 to 4 hours only.
The new Aegean – Baltic TEN-T Corridor provides a solution for these most underdeveloped communication points in the European Union.
Will there be economic development of the EU regions through which the new TEN-T Corridor passes?
Not only will there be but that is our main end goal. We have foreseen an economic improvement after the implementation of the transport infrastructure in the new corridor leading to a rise in the Purchasing Power Capacity of Eastern European countries and their respective regions (currently the poorest ones in the EU). That will also result in certain countries indirectly related to the Corridor benefiting strongly from the project.
What are other advantages of the new Aegean - Baltic TEN-T Corridor?
What are the essential elements that make up the new Aegean - Baltic TEN-T Corridor?
- South – North Stream Railway Line (SNS)
- Two maritime ports (Aegean and Baltic Seas)
- Multimodality and logistic centers (dry ports)
- A system of missing motorways North East – South East Europe
- Water management of the river Danube
A detailed list of the project is provided at the end of this article.
What are the Innovations in the new the New Aegean-Baltic TEN-T Corridor
Although we have an entire presentation on the topic, which we can provide you with, the first and foremost novelty is our mission to attract private investments for all sub-projects part of the ABC+De and part of the Corridor.
The intention is to radically shorten the times for realization of the projects as opposed to the official perspectives of 2030 and 2050 which we consider too far from the present point
Last but not least, one great example of our innovations is the level of technical digitalisation we intend to implement in our new railway infrastructure.
Should we wait until 2023 to find out if the new corridor will be regulated or the European Commission will take action sooner?
Will there be an initiative by the governments of Greece, Bulgaria, Romania, Hungary, Slovakia and Poland to regulate the new corridor or will the initiative continue to be of a private company? This remains an open question whose answer and responsibility for relies on all of us who care about Europe and its future.
Here is the detailed table with all projects included in the ABC+De Project.