EUR 267 million Albania-Montenegro rail link rehabilitation endorsed for 2022 WBIF
9 March 2022The rehabilitation project of the Vorë – Han i Hotit rail line which ensures the connection with Montenegro has been endorsed for 2022 Western Balkans Investment Framework (WBIF), part of European Commission Economic and Investment Plan.
The EUR 267 million project covers the rehabilitation of 120 km rail line and 12 stations including the installation of new signalling systems and safety improvements.
The project has received a EUR 133.4 million WBIF grant, with EUR 4.5 million previous EU grants, while the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are contributing with a total investment of EUR 125.8 million with EUR 62.9 million loan each. Albania covers the project’s funding with a EUR 3.3 million is the national contribution.
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