Around 830 million euros in financing for Albania - EIB, more investments in transport. Focus on the rehabilitation of railways
The European Investment Bank (EIB) has financed a total of around 830 million euros for Albania by the end of last year. According to official data from this bank, the majority of the financing, or around 60% of the total, has gone to the transport sector in Albania. This sector has already absorbed 474.5 million euros.
Meanwhile, the two most important financings have been for the rehabilitation of railways. Thus, in April last year, an agreement was signed for the financing of 90 million euros for the rehabilitation of the Durrës-Rrogozhinë railway line, part of Corridor VIII. Of the total, 60.5 million euros are grants, while 30 million are soft loans.
About two years ago, in March 2024, the European Investment Bank granted Albania a loan of 100 million euros for the rehabilitation of the Vorë-Hani i Hotit railway.
Energy is the second most financed sector by this bank with a total fund of 188.9 million euros, where the loan for the trans-Adriatic gas pipeline of 105 million euros stands out. Water supply and sewage have benefited from 110.1 million euros, credit lines with 30 million, education 12.5 million, urban development 7.3 million and the services sector 4.5 million euros.
The European Investment Bank, owned by the 27 EU governments and one of the largest investors and creditors globally, raises significant funds from capital markets, which it then lends at favourable rates to projects that meet its criteria. The EIB has been providing financing in Albania through loans since 1995. Last year, the bank opened a representative office in Tirana.
'Diella' awarded with the “Future Fit Seal” Award at the World Government Summit in the United Arab Emirates
"Diella" has been awarded the "Future Fit Seal - World Government Summit Edition", a prestigious award that honors innovative initiatives and new governance......
State-owned arms company creates 326 jobs - Security and confidentiality standards for personnel. How much will KAYO's revenue be?
The Albanian state-owned company for the production and trade of weapons, ammunition, military equipment and technologies, KAYO, is expected to create around......
Should citizens pay the same for earthquakes? - Experts: The premium should be unified, otherwise it will cause problems in implementation
The draft law on mandatory earthquake and flood insurance, in the opinion of experts in the field, needs further improvements before being approved. Thus,......
What professions can the energy transition create in Albania? - From technicians for wind panels and turbines, to mechanics for electric cars
To achieve a just and successful climate transition, countries like Albania need to put skills development and employment at the center, including dedicated......
State material reserves take on a new role - From emergency warehouses to an instrument for market crises
The government has strengthened the legal framework for state material reserves, giving this mechanism a more active role in coping not only with natural......
The 95 MW photovoltaic power plant in Synej-Kavajë enters the implementation phase - The government decision is published in the Official Gazette
The decision of the Council of Ministers for the construction of the photovoltaic power plant in the village of Rrakull, Synej administrative unit in the......
Albania vs EU, where did inflation hit hardest? Entertainment "explodes" in our country, food and education become more expensive in the EU
The annual change data measured by the Harmonized Index of Consumer Prices for 2025 show that the structure of inflation has been significantly different......
Spain to ban social media for children under 16 - Prime Minister Sanchez: We will protect them from the digital "Wild West"
Spain will ban access to social media for minors under 16 and platforms will be forced to implement age verification systems, Prime Minister Pedro Sanchez......
