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The loan for the Vorë-Hani i Hoti railway is approved, the Government ratifies the loan agreement with the EIB

2024-06-20 12:53:20Biznes SHKRUAR NGA REDAKSIA VOX

The loan for the Vorë-Hani i Hoti railway is approved, the Government

The government has ratified the loan agreement with the European Investment Bank, for the rehabilitation of the railway line Vorë - Hani i Hoti. After approval by the Council of Ministers, it will have to go to the Parliament to enter into force and be disbursed.

According to data made public earlier, the EIB loan amounts to 120 million euros, while the total cost for the rehabilitation of the Vorë - Hani i Hoti railway is estimated at 373.15 million euros. The financing structure for this project is divided between loans granted by the European Investment Bank and the European Bank for Reconstruction and Development, a grant from the European Union and VAT coverage from the state budget. The EU grant amounts to 137.9 million euros, while the EBRD loan amounts to 98.75 million euros. Now, the latter has also received the agreement in the parliament, being at a more advanced stage than the loan agreement with the EIB - n.

The railway line Vorë - Hani i Hotit crosses the western lowlands with stations in Vorë - Mamurras - Laç - Milot - Lezhë - Shkodër - Koplik - Hani i Hotit, where the connection with Montenegro is also made. The Transport Community has estimated that its rehabilitation will bring a number of benefits in terms of passenger and goods transport, but also the environment. Even the European Bank for Reconstruction and Development, as one of the project's creditors, emphasizes the environmental and social benefits that its implementation will bring. The length of this railway line is 120 kilometers.


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