TIRANA, May 11/ATA/- The Committee on Foreign Affairs approved on Tuesday two agreements with the Federal Republic of Germany providing Albania with 60 million euros in soft loans through KFW and 3 million euros in grants, which will be used for the rehabilitation of the Fierza hydropower plant and the implementation of the project “Investment Program for integrated regional development”.
The Foreign Affairs Committee chaired by Mimi Kodheli, in its capacity as an opinion committee, approved at the today’s session two draft laws; “On the ratification of the agreement between the Council of Ministers of the Republic of Albania and the Government of the Federal Republic of Germany, on financial cooperation 2019, the project on the “Rehabilitation of the Fierza hydropower plant (DKTI)” and “On the ratification of the agreement between the Council of Ministers of the Republic of Albania and the Government of the Federal Republic of Germany, on financial cooperation 2018, the project “Program of investments for integrated regional development ”.
Both draft laws came as a preliminary stage of two framework agreements, according to which in total Albania receives 60 million euros in soft loans through KFW and 3 million euros in grants. //a.i/
