The European Commission today announced a new investment package of 680 million euros to support five key investments in rail transport and renewable energy in the Western Balkans.
This is the sixth financial package within the Economic and Investment Plan of the EU for the Western Balkans, which is expected to reach 16.6 billion euros of investments.
The projects have been prepared in close cooperation with Western Balkan partners and international financial institutions.
The five new approved projects cover the two most priority sectors, rail transport and renewable energy. From these, Albania benefits from financing in two projects.
Sustainable transport:
The reconstruction of the Corridor VIII railway line in Albania and the rehabilitation of the Tivar - Vrbnica railway line in Montenegro. These projects will contribute to improving the railway transport of the Western Balkans to TEN-T standards and ensuring integration with the EU railway network.
Clean energy:
The construction of two wind farms in Bosnia and Herzegovina and the construction of a photovoltaic solar power plant in Albania . These projects support the transition to low carbon economies and promote sustainable development in the region.