The NDPTL is an umbrella structure set up to supervise regional cooperation and mobilise funding for the objectives of improving the major transport connections between the Northern Dimension countries: Germany, Poland, Sweden, Finland, Denmark, Lithuania, Latvia, Estonia, Russia, Belarus and Norway.
"This is an important milestone in the strengthening of the transport market in an area at the crossroads of West and East, North and South. I am glad to see the willingness of the EU and non-EU partners to plan tomorrow's transport system in a regional perspective, rather than in a national one," says Siim Kallas, Vice-President of the European Commission.
The Partnership will cover all modes of transport including road, rail, inland waterways, aviation, and maritime. It will focus on both infrastructure and non-infrastructure related bottlenecks with the view to improving transport connections and logistic processes between the countries of the region.
The Nordic Investment Bank (NIB) is the common international financial institution of the eight Nordic and Baltic countries. NIB provides long-term financing to the energy, environmental, transport, logistics and communications, and innovation sectors for projects that strengthen competitiveness and enhance the environment.
Sources: NDPTL, NIB