| Project Detail |
The project concerns the rehabilitation of a 120 km railway line from Vora to Hani Hotit, on the border with Montenegro. The project lies on the indicative extension of the Core Trans-European Transport Network (TEN-T) Mediterranean Corridor and will link Albania to the European railway network. Objectives The project is of great strategic importance and will contribute to the development of railway transport infrastructure in Albania. It is part of the Core Network of the indicative extension of the Trans-European Transport Network (TEN-T) in the Western Balkans (Rail Route 2). The rehabilitation of the railway line will bring the infrastructure to EU standards and will create conditions for the development of passenger and freight services in Albania. By increasing the quality, availability and reliability of rail services, the project will develop multimodal and intermodal transport in Albania and the wider region, and thus facilitate trade and economic links with neighbouring countries and EU member states. Furthermore, the investment will enable increased economic growth and social development in Albania, and contribute to the long-term goal of building green, sustainable and integrated economies in the Western Balkans. Comments The proposed operation is expected be covered by the comprehensive guarantee granted to the EIB under the Dedicated Investment Window 1 as established in the Neighbourhood, Development and International Cooperation Instrument (NDICI) Global Europe upon the guarantees effectiveness and subject to the European Commissions confirmation of the operations eligibility. Sector(s) Transport - Transportation and storage Proposed EIB finance (Approximate amount) EUR 65 million Total cost (Approximate amount) EUR 270 million |
