When the Stability Pact for South Eastern Europe (Stability Pact) was created, infrastructure in South Eastern Europe (SEE) was generally below European standards and had been severely affected by direct war damage, which destroyed or rendered unusable important components of the infrastructure and /or by neglection and under-investment in all infrastructure sub-sectors mainly due to lack of funding. While the direct war damage has been concentrated on strategic and neuralgic points of infrastructure, the omission of regular maintenance affected the least geographical corner – independently if it has been subject of bellicose arguments or not.
There was a crucial need not only for upgrading of existing infrastructures and rehabilitation of those that had been damaged but also for new infrastructures to meet growing demand and ensure better integration within the region and with the rest of Europe. Total investment needs were estimated at € 4 billion for road, € 12 billion for rail and a tentative figure of € 21 billion for power generation only.
Given the already high indebtedness, the precarious macro-economic situation and the limited implementation capacities of most countries of SEE at the time, it was obvious that the countries would need to rely to a large extent on international institutions. It was essential for both the countries and the international organisations to adopt a strategic approach at a regional level which would avoid inconsistencies and duplications. This was the purpose of the Infrastructure Steering Group (ISG) set up in 2001 following a meeting of Stability Pact Working Table II (economic reconstruction, cooperation and development) in Tirana in May 2001
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Besides the activities in the transport and energy sector launched through the Infrastructure Steering Group and the International Financial Institutions (IFI) Advisory Group (IFIAG), the Stability Pact concentrated its activities in following domain.
I. The development of Inland Waterways through the programs/initiatives
II. The development of air traffic management and the normalisation of the
air traffic in the region via
South East Europe Functional Airspace Block Approach - SEE FABA
Implementation of Single European Sky in South East Europe – ISIS
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For further information,
Regional Cooperation Council
Trg Bosne i Hercegovine 1 / V
Bosna i Hercegovina
Phone +387 33 561 700
Fax +387 33 561 701