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Physical trade infrastructure - Austria

Physical trade infrastructure - Austria

Information dated: 2017
Contact

http://www.entwicklung.at

Austrian participation in the EU Africa Trust Fund for Infrastructure

In April 2007, the European Commission, the European Investment Bank (EIB) and seven EU Member States signed an agreement to set up the EU‑Africa Trust Fund for Infrastructure. As a founder member, Austria has made an initial contribution of US$1.38 million. The Trust Fund is a major pillar of the EU‑Africa Strategy as well as the EU‑Africa Partnership for Trade, Regional Integration and Infrastructure. Through a combination of subsidies and loans, it finances trans‑regional large‑scale projects in energy, transport, information technology and water and constitutes a major field of cooperation between Austrian Development Cooper­ation and the new Austrian Development Bank.