According to an estimate by the International Monetary Fund (IMF), the effect of an investment in infra-structure – roads, rails and bridges – that corresponds to one per cent of GDP is +0.4% on the same year’s gross domestic product and +1.5% after four years.
One of the most important development areas of the internal market of the European Union is the seamless interconnection of the most significant road, air, water and rail transport routes within the EU.
TEN-T, the focus area in the development of the EU’s transport sector, comprises transport routes whose core – nine core network corridors traversing through Europe – should be complete by the end of 2030. The planned year of completion for the network of supplementary smaller transport routes is 2050.
The northern endpoints of two core network corridors are in Finland. These are the North Sea-Baltic Corridor and the Scandinavian-Mediterranean Corridor.
The Northern Growth Zone is the northernmost part of the Scandinavian-Mediterranean Corridor and the framework under which projects that enhance goods logistics in Southern Finland in particular are funded.
In addition to having financial benefits, more functional connections also impact climate protection goals: shorter travel times and transport operations being transferred from small roads to effective railways and accessible highways will increase the effectiveness of the transport sector and reduce emissions from traffic. The cross-border mobility of labour will also become easier.