TIRANA, Dec 28 /ATA/ – The European Union (EU) and German state-owned development bank KFW will support the green transport project in the Albanian capital.
The Minister of Finance and Economy Ervin Mete, Tirana Mayor Erion Veliaj, and Director of KfW Office Albania, Brit Horschke, signed a 50 million euro loan agreement provided by the German Government through the KfW Development Bank to support the Green Transport Project in Tirana, as well as a grant of 31.2 million euros provided by the Western Balkans Investment Framework (WBIF) for this project.
The project’s total cost is estimated at around 110.37 million euros. Tirana Municipality will raise 29.17 million euros to fund the remaining cost.
The project includes construction of a Bus Rapid Transit (BRT) system by using electric buses in three main corridors of the capital – the east-west line from Kinostudio to Kombinat, Unaza and Tirana e Re (central and western part of the city).
The main objective of the Green Transport in Tirana project is to promote an urban transport system in Tirana that is both environmentally and climate friendly, and reliable and affordable for the citizens of the capital.
The project is also designed to expand and further public transport network, its use, as well as to increase effectiveness of the public transport service.
The project is expected to reduce pollution, cut travel time by 20%, increase travel speed along the new urban transport corridors thanks to dedicated bus lanes and management.
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