TREK Development has announced a Framework Agreement with the European Investment Bank to implement strategic actions in Greece and Cyprus over the next four years.
TREK Development has entered into a Framework Agreement with the European Investment Bank, marking a significant collaboration that is expected to last for 48 months, with a possible extension of an additional 12 months. The total budget of the project is estimated to allow TREK Development to handle executive contracts with a net total value of up to €4.5 million. This funding is aimed at enabling TREK to provide specialized services focusing on national and regional strategic actions supported by the EIB in both Greece and Cyprus.
The project covers four key areas: Just Transition Mechanism, Climate Resilient Cities, Project Advisory Support Service Agreement (PASSA) with the Greek Ministry of National Economy and Finance, and the development of large-scale infrastructure. These areas reflect the EU's commitment to sustainability and economic resilience, as they address urgent challenges such as climate change and the need for infrastructural development in both countries.
As Greece and Cyprus continue to face environmental and economic challenges, this collaboration with the EIB could provide vital support in developing policies and actions that are aligned with EU standards and priorities. The focus on climate resilience and infrastructure development indicates a strategic approach to fostering economic growth while ensuring ecological sustainability for future generations.
