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Formula 1 races are expected to take place/ Government, decision to expropriate owners of the car and motorcycle park in Elbasan

2025-05-21 21:11:41Biznes SHKRUAR NGA REDAKSIA VOX
Formula 1 races are expected to take place/ Government, decision to expropriate
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The Albanian government's ambition to build a Formula 1 track in Elbasan is taking concrete shape.

At the government meeting this Wednesday, the expropriation of real estate owners in the area affected by the construction of Auto-Moto Park, Elbasan Municipality, was decided.

"Owners of immovable property, private property, that are expropriated, shall be compensated in full, according to the relevant measure, which is presented in the table attached to this decision, for property of the type "land", with a total value of 347,372,260 (three hundred forty-seven million three hundred seventy-two thousand two hundred sixty) lek.

The total value of the expropriation, of 347,372,260 (three hundred forty-seven million three hundred seventy-two thousand two hundred sixty) lek, is covered by the state budget, the "Expropriation Fund" account, at the Bank of Albania.

The value of the procedural expenses, in the amount of 70,000 (seventy thousand) lek, is borne by the General Directorate of Road Transport Services.

The expropriation begins immediately after the publication of this decision in the "Official Gazette" and the deadline for completing the expropriation is within 3 (three) months from the date of its entry into force.

The owners of immovable property, private property, reflected in the table attached to this decision, are compensated, for the purpose of expropriation, after having submitted the justifying documentation for liquidation to the State Agency for Expropriation.

The State Cadastral Agency, Elbasan Local Directorate, within 30 (thirty) days from the date of approval of this decision, initiates the procedures for laying the project footprint on the cadastral map, according to the approved expropriation plan, and registers the act of transfer of ownership in favor of the state, under the administrative responsibility of the Ministry of Infrastructure and Energy, for the General Directorate of Road Transport Services, for the expropriated property, according to this decision.

"The State Cadastral Agency suspends all transactions with the expropriated assets until the completion of the process of laying the project footprint on the cadastral map and registers the act of transfer of ownership in favor of the state, under the administrative responsibility of the Ministry of Infrastructure and Energy, for the General Directorate of Road Transport Services, for the expropriated assets, according to this decision," the decision reads.

The Ministry of Infrastructure and Energy, the Ministry of Finance, the General Directorate of Road Transport Services, the State Cadastre Agency, the Elbasan Local Directorate, and the State Agency for Expropriation are responsible for the implementation of this project," the government decision states.


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