European Bank for Reconstruction and Development is considering a sovereign loan of up to EUR 36.87 million for Albanian Railways to finance a railway infrastructure project. The project involves the rehabilitation of the 34.7 km railway line between the Tirana Public Transport Terminal (PTT) and the city of Durres and the construction of a new 7.4 km railway branch to connect with the Tirana International Airport.
The bank’s loan will be used to co-finance the construction works and works supervision for the entire 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 TEN-T to the Western Balkans core railway network.
Implementation of the project will be overseen by a Project Implementation Unit comprising members of the company, Ministry of Transport and Infrastructure and other relevant stakeholders.
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