| Project Detail |
Location:
Albania
Project number:
55612
Business sector:
Transport
Notice type:
State
Environmental category:
B
Approval date:
20 Nov 2024
Status:
Exploratory
English-language PSD published:
11 Sep 2024
Project Description
Provision of a sovereign loan of up to EUR 30 million to the Republic of Albania for the benefit of Hekurudha Shqiptare ("Albanian Railways", "HSH", the "Company" or the "Client"), the railway operator of the Albanian railway system, which is fully owned by the state.
The financing will be used for the rehabilitation and electrification of the approximately 34 km railway line between Durres and Rrogozhine (the "Project"). The Durres-Rrogozhine line is part of rail Corridor VIII which connects Port of Durres in Albania with North Macedonia and Bulgarias Black Sea ports. Corridor VIII is part of the Western Balkans Core Network and an indicative extension of Trans European Transport Networks ("TEN-T") in the region. The Project is expected to be co-financed by the European Investment Bank ("EIB") and the European Union ("EU") through the Western Balkans Investment Framework ("WBIF").
Project Objectives
Promote Albanias connectivity, its economic development and regional integration.
Support development of a greener and more sustainable transport by promoting modal shift. |
