of the Business Forum was organised. A 3SI Network of Chambers of Commerce was created, and a letter of intent was signed concerning establishment of a Three Seas Investment Fund. List of summits Projects The initiative is closely related to two major infrastructure projects in the region: A north–south highway "Via Carpathia", connecting Klaipėda in Lithuania with Thessaloniki in Greece Liquefied natural gas infrastructure, with sea terminals in Poland and Croatia and a connecting pipeline Other projects are the Baltic-Adriatic Corridor, Via Baltica road, Rail Baltica and Amber Rail Freight Corridor rail connections. Another project is Rail-2-Sea, which aims to connect the Baltic Sea port of Gdańsk (Poland) with the Black Sea port of Constanța (Romania) through a long railway line. Three Seas Initiative Investment Fund (3SIIF) The initial two founding institutions from Poland and Romania have committed themselves to make payments totaling more than 500 million euros. The Fund is open to other Three Seas countries, which may join it after obtaining appropriate permits. The Supervisory Board of the Fund consists of representatives of development banks from Poland, Romania, Latvia, and the Czech Republic. In 2019, Bank Gospodarstwa Krajowego and Export–Import Bank of Romania signed the founding act of the Three Seas Initiative Investment Fund. The fund is to focus on projects creating transport, energy and digital infrastructure in the Three Seas region. Private investors from pension funds, private investment funds, and other entities will also be invited to the fund. The aim is to raise up to €3–5 billion. The fund will engage, on a commercial basis, in infrastructure projects with a total value of up to €100 billion, while the needs of the Three Seas region have been estimated at over €570 billion. Prior to the 2020 Tallinn Summit, United States Secretary of State Mike Pompeo pledged up to a billion dollars in financing for the Investment Fund. Perception Croatia Social-democratic Croatian President Zoran Milanović stated that the initiative is harmful for Croatia. Czech Republic The Three Seas Initiative was at the beginning perceived by local experts and diplomats in the Czech Republic rather negatively. It was seen as a Polish attempt to create its sphere of influence (similar to the historical perception of Intermarium). Further fears were related to a possibility of deepening the East-West division in the EU and exclusion of Germany. A long term Czech objection is that there should be no competing geopolitical