The agreement, ratified with the votes of the ruling majority, provides for a 40 million euro loan to support the plant’s electromechanical rehabilitation, aimed at improving the safety and efficiency of electricity generation from renewable sources.

The planned works will upgrade equipment technology, increase the reliability of the facility’s operations and extend the plant’s operational lifespan by at least 30 years.

The new financing adds to previous assistance for the project and will fund additional rehabilitation measures identified during technical assessments conducted by international experts.

The rehabilitation project is expected to be implemented by Albanian Power Corporation (KESH), with works scheduled for completion in July 2030.

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The program provides for a loan of 47 million Euros and a grant of 3 million Euros, which will support investments in Shkodra, Lezha and Saranda.

The funds will be used for the rehabilitation of sewage networks and the expansion of wastewater treatment plants.

“This investment aims to improve drinking water service and environmental protection for these communities,” emphasized Minister Malaj, in a post in the social media. /gj.m/r.e/p.s./

Ambassador of the Federal Republic of Germany Karl Bergner closely inspected this construction site today while he appreciated that the project is an important step towards improving the quality of life and environmental conditions in Himara.

“The new sewage system will significantly improve the quality of water in the beaches of Himara. In the future, only the processed and clean water will be poured into the sea, an important contribution to the protection of nature”, is read in a press release of the German embassy in Tirana.

“The local economy and tourism in Himara will benefit from the clean water project, but it will also be beneficiary to the health and well-being of the local residents. This is a good example of successful and long-term German-Albanian cooperation for sustainable development”, is read further on in the press release. /m.m/p.s./

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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