Krynica: The North–South Corridor – towards increased energy security, Europe’s integration and competitiveness

Krynica: The North–South Corridor – towards increased energy security, Europe’s integration and competitiveness

The North–South Corridor is the key enabler for completing the European integration process. The report by Roland Berger Strategy Consultants presents the enormous political, economic and social benefits that this energy infrastructure would bring to the whole continent. For this to happen, a “piece-by-piece” approach, with preferred access to funding and constant dialogue with national regulators, governments and the European Union institutions, is indispensable. The report, titled “Making it happen. Paving the way for the Central European North–South Infrastructure Corridor”, was presented at the Economic Forum in Krynica, Poland. Its authors and contributors underlined that realising key components of the Corridor before the end of the decade should be a joint commitment of the European Commission, national governments, and transmission system operators, as well as supporting financiers. “The report shows a roadmap with an outlook on the key building blocks required for this joint undertaking. It also paints a realistic picture of commercial financing options and private-sector involvement. We believe the Corridor should be realised piece-by-piece, as supply and demand develop in relevant markets. This would allow some projects to be built on a market-based business case and financed through national operators, using established funding and financing instruments,” Paweł Olechnowicz, Chairman of the Board of Directors of CEEP, declared. Parts of the Corridor will not be feasible through purely market-based mechanisms. In such cases, preferred access to funding from public budgets is required. “In this context, dialogue is needed between national regulators and transmission system operators, in order to create favourable regulatory environments, prioritise Corridor projects, and find financial leeway to make them happen without delay. We recommend establishing [...]

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