📋 Tender Overview
Reference: 20180022
Release date: 18 December 2024
Promoter – Financial Intermediary
ALBANIAN DEVELOPMENT FUND
Location
Albania
Description
A multisector framework loan to finance investment schemes prioritised in the Regional Integrated Tourism and Urban Upgrading strategy to promote sustainable tourism and economic growth in the north of Albania
Objectives
The project concerns an up to €50m framework loan to the Republic of Albania, acting as borrower and represented by the Ministry of Finance to support the sustainable development of the Coastline Gate of Alps area situated in northern Albania. The project is expected to support sustainable tourism and regional development by investing in basic infrastructure (wastewater treatment and water supply, pedestrian and cycling paths); natural and cultural heritage sites (protection of natural areas and historical buildings); and sustainable transport (upgrades to improve urban mobility, regional road accessibility and road safety, and public transport facilities). The promoter will be the Albanian Development Fund ("ADF"), a State led development organization, who set up an operational multi-annual programme of up to LEK 100 trillion (€872m), covering the period 2022-2028. Technical assistance is provided to ADF from EIB's Economic Resilience Initiative to identify priority investments, quantify related costs, verify alignment with EIB eligibility rules and provide initial support on Environmental Social Impact Assessment (ESIA).
Sector(s)
Transport - Transportation and storage
Water, sewerage - Water supply; sewerage, waste management and remediation activities
Solid waste - Water supply; sewerage, waste management and remediation activities
Urban development - Construction
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 100 million
Environmental aspects
The Lake Shköder and the River Buna is a transnational RAMSAR site and under EU legislation, the project would fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended by Directive 2014/52/EU, and would therefore be subject to screening. The relevant provisions of the Habitats and Birds Directive (92/43/EEC and 2009/147/EC respectively) and Strategic Environmental Assessment (SEA) Directive 2001/42/EC also apply. In accordance with national legislation, it is expected that many of the project schemes will be subject to an EIA procedure. The competent authority for the EIA process in Albania is the National Environmental Agency (NEA), under the Ministry of Tourism and Environment. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives. Some of the schemes have a highly positive environmental impact, with a strong emphasis on preservation of natural resources and its rational utilisation by local population and tourists.
