The ‘Three Seas Initiative’ has been proposed by several key stakeholders in the region as a way of facilitating investment and development in order to address this imbalance and boost economic figures. It is presented as an opportunity for Central and Eastern Europe (CEE) to address its most important challenges.
Despite progress in recent years, there is still a great need here in CEE for more efficient and modern transport infrastructure to support our growth aspirations. Given the need, we expect construction market growth in CEE to be 3.1% and outpace that of Western Europe over the next five years. For this to happen, we will need to continue to attract investment from both public and private sources.
Striking the right balance between risk and reward will be key to unlocking continued investment, an important consideration given that regional needs for transport development is estimated at EUR 615 bn through 2025 in wider CEE.