Tirana-Podgorica railway – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Thu, 14 Jul 2022 19:41:09 +0000 en-US hourly 1 EU to fund 137.9 million euros for construction of Tirana-Podgorica railway line https://en.ata.gov.al/2022/07/14/eu-to-fund-137-9-million-euros-for-construction-of-tirana-podgorica-railway-line/ https://en.ata.gov.al/2022/07/14/eu-to-fund-137-9-million-euros-for-construction-of-tirana-podgorica-railway-line/#respond Thu, 14 Jul 2022 17:57:38 +0000 http://en.ata.gov.al/?p=183646 TIRANA, July 14 /ATA/ – The European Union will co-fund construction of a railway line linking Tirana, Albanian capital, with Podgorica, Montenegro, as part of its investment package to advance sustainable connectivity in the Western Balkans.

The European Union provide a total of 137.9 million euros in grants to support construction of the railway line connecting Tirana and Podgorica, the EU Delegation to Albania said on Thursday.

The EU Delegation also said that construction of the EU-funded railway line connecting Tirana & Podgorica, worth 137.9 million euros in EU grants will start in third quarter of 2023.

The government of Albania will co-fund the project through a funding of 3.3 million euros and through a loan of 62.9 million euros provided by the European Bank for Reconstruction and Development (EBRD) and a loan of 62.9 million euros provided by the European Investment Bank.

The EU also said that following a visit to the neighbouring Montenegro, European Commissioner for Neighbourhood and Enlargement Olivér Várhelyi travelled to Albania, stopping at the Hani i Hotit border crossing.

The Vore-Hani i Hotit railway investment project involves a complete overhaul of the entire railway line (120.2 km and 13 railway stations) for traffic speed of up to 120 km/h, including the installation of a new signalling system and safety improvements.

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