TREK Development announced the signing of a Framework Agreement with the European Investment Bank (EIB), which will last for 48 months with a potential extension of 12 months. The agreement has an estimated budget of up to 4.5 million euros, which TREK Development will use to manage various executive contracts related to the project. This financial commitment highlights TREK Development's role in enhancing infrastructure and services of national and regional significance in the two countries.

The project aims to provide specialized services that align with several strategic initiatives outlined by the EIB in Greece and Cyprus. Specifically, it focuses on four key areas: the Just Transition Mechanism, which is essential for supporting communities affected by the transition to a greener economy; the development of Climate Resilient Cities; an advisory service agreement with Greece's Ministry of National Economy and Finance; and the facilitation of large-scale infrastructure projects. Each of these areas is pivotal for addressing modern challenges such as climate change, urban development, and economic growth.

This Framework Agreement symbolizes a collaboration between TREK Development and the EIB that underscores a commitment to sustainable development and infrastructure investment in Greece and Cyprus. By channeling resources into these strategic actions, it is expected that both countries can better achieve their climate and economic objectives, reflecting the EIB's larger vision for contributing to resilience and sustainability across Europe.