EBRD provides further €30 million for Albania's railways
Albania, Aug. 5 -- The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the European Investment Bank (EIB) are strengthening their support for Albania's rail infrastructure with a landmark investment in the reconstruction and electrification of the Durres-Rrogozhine railway line.The EBRD is extending a sovereign loan of up to €30 million to Albania for the benefit of state-owned railway company Hekurudha Shqiptare. This complements a matching €30 million sovereign loan from the EIB and €60 million of investment and technical assistance grants from the EU through the Western Balkans Investment Framework, which were signed earlier this year.The strategic project will rehabilitate and elect...
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