EUROCOMMISSION TO ALLOCATE 70 MILLION FOR ENP INVESTMENT PROJECTS

/PanARMENIAN.Net/
22.07.2009 11:44 GMT+04:00

/PanARMENIAN.Net/ By the end of 2009, EuroCommission will allocate
~@ 70 million to key investment programs implemented within ENP
frameworks. The allocations will help ENP member states to increase
funding of main investment projects in such spheres as energy,
transport, environment and social sector.

Benita Ferrero-Waldner, European Commissioner for External Relations
and European Neighborhood, expressed satisfaction with INP’s positive
results.

"This year, INP’s increased funding obliges us to support neighboring
countries’ reforms in key sectors. I am very happy that during
the first year of its existence, INP approved 15 projects aimed at
enhancing such basic segments of population’s life as water, health
and urban transport," she said.

Officially launched in May 2008, INP was elaborated upon the initiative
of Ferrero-Waldner. The project aimed to intensify grant support to
European Union and counties involved in operations implemented by
European financial institutions in ENP member states.

INP’s activities apply to countries that have signed ENP Action
Plan. Those countries are Azerbaijan, Georgia, Ukraine, Moldova,
Jordan, Palestine, Lebanon, Morocco, Egypt, Tunisia and Armenia.

EuroCommission has already allocated ~@ 170 million, out of the total
sum of ~@ 700 envisaged for 2007-13 (~@ 50 million was allocated in
2007 and 2008, and ~@ 70 million was allocated this year), Commission’s
press service reports.