Home / Albania Railway Data / EBRD considers EUR 34.5 million loan for Albanian Railways

EBRD considers EUR 34.5 million loan for Albanian Railways

EBRD considers EUR 34.5 million loan for Albanian Railways
Photo:TiranaTimes

The European Bank for Reconstruction and Development (EBRD) is considering providing a EUR 34.5 million sovereign loan to the Republic of Albania for the benefit of the Albanian Railways (HSH). Two important projects will be carried out under the EBRD financing:  the rehabilitation and upgrade of 34.7 km railway line between the Tirana Public Transport Terminal (PTT) and the city of Durres and the construction of a 7.4 km railway line between the Tirana PTT and the Tirana International Airport (TIA). The total value of the projects reaches EUR 86.4 million. The proceeds of the Bank’s loan will be used to co-finance the construction works and works supervision related to the Project.

The Project is part of Route 2 of the Western Balkans Core Network connecting the cities of Podgorica in Montenegro and Vlore in Albania and has been established as an indicative extension to the Trans-European Transport Networks (TEN-T) to the Western Balkans core railway network.

The Project will support Albania’s national economic development and contribute to Albania’s regional integration by improving connectivity of its main cities to the Port of Durres and TIA.

Albanian Railways
Mr. Genc Alizoti, CEO
gencializoti@gmail.com
+355 522 22037
+355 522 22037
Hekurudha Shqiptare Lagjia nr. 3, Egnatia Street Durres, Albania

Check Also

Italian state railway group is the sole bidder in TrainOSE privatisation

FS Italiane signs Trainose sale and purchase agreement

Italian State Railways (FS Italiane) and the Hellenic Republic Asset Development Fund (HRADF) signed on January 18 …

Leave a Reply

Your email address will not be published. Required fields are marked *