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  • Essay / Transport sector: the key to economic development

    The transport sector is the key to economic growth and transformation of the region. Providing physical networks and services in the economy and society depends on the movement of people and the transport of goods and increases the chances of businesses and consumers having markets and services and promoting economic diversification and integration regional, and support the growth of the economy in general. From a social point of view, transport supports the movement of people, so that all can benefit from access to basic public services such as health and education, as well as access to labor markets, which could also have important implications for economic integration and gender equality. It also enables international trade - in the modern global economy no country is self-sufficient and based on all goods produced elsewhere - and provides transport for emerging markets to integrate into the global economy . This integration creates opportunities for businesses in the region to grow and grow, supporting the creative role. In addition to facilitating the economic development of the region, the transfer of investments also has the capacity to generate adverse environmental and social impacts, including resettlement and livelihood problems, as well as the health effects of congestion, pollution and loss of biodiversity. The Bank recognizes the critical role that transportation networks and services play in improving the quality of life of the region's citizens and increasing the opportunities available for business development. At the same time, the need for sustainable development is recognized. Transport systems adapted to economic growth, respect for the environment and social aspects. caravans, trucks, airlines and transport fleets, and increasing capacity of ports and airports. From 2005 to 2012, the Bank signed 116 transactions totaling €6.7 billion in cumulative net business volume. Storage units effectively doubled in 2009 as the Bank reacted quickly to the impact of the financial crisis and subsequent economic downturn to ensure priority investments remained on track and the list of clients accessing the long-term financing. Project sizes ranged from less than €5 million and private sector deals in ports, shipping and aviation, to deals of €200 million or more, which tend to be capital intensive projects, railways, roads, including PPPs. This demonstrates the bank's flexibility to meet various transfer needs