📋 Tender Overview
Location: Albania
Project number: 53468
Business sector: Transport
Notice type: State
Environmental category: A
EBRD Finance Summary: EUR 62,906,520.00
Total Project Cost: EUR 266,995,000.00
Project Description
The provision of a sovereign loan of up to €62.9 million to the Republic of Albania for the benefit of Hekurudha Shqiptare (Albanian Railways or HSH or the Company), the railway operator of the Albanian railway system, which is fully owned by the state.
The financing will be used for the rehabilitation of the railway line between Vore and Hani i Hotit on the border with Montenegro, approximately 120 km in length (the project). The project is envisaged to be co-financed by the European Investment Bank (EIB) and the European Union (EU) through the Western Balkans Investment Framework (WBIF).
Project Objectives
1. Promote Albania's connectivity and its economic development and regional integration as the line is part of the Western Balkans Core Network and an indicative extension of Trans European Transport Networks ("TEN-T") in the region.
2. Support development of a greener and more sustainable transport by promoting modal shift from road to rail in Albania.
Transition Impact
ETI score: 62
The transition impact of the Project will be derived from:
1. Green
Promote the modal shift in transport mostly from road to rail and reduce the dependence on higher emitting modes of transportation. The resulting CO2 savings will reduce the overall greenhouse gas ("GHG") emissions and provide a cleaner alternative to the Albanian community and businesses.
2. Well-governed
Supporting the reform agenda through the operationalisation of the newly established bodies following the adoption of the New Rail Code (i.e. regulatory, safety and investigation units) bringing it in line with the EU standards. Furthermore, establishment of a clear contractual relationship between various parties operating in the industry in the form of public service contracts will be explored aiming to make the sector competitive.
Financing Sources:
2) European Investment Bank (EIB)
98-100, boulevard Konrad Adenauer
L-2950
Luxembourg
Tel : (+352) 43 79 1
Fax : (+352) 43 77 04
www.eib.org
3) European Commission (EU)
Rue de la Loi / Wetstraat, 170 - 1040 Brussels
Belgium
Tel: +32 2 295 38 44
https://ec.europa.eu/
