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Construction of the Vorë-Hani i Hoti railway starts in 2024, cost 373 million euros. Launch of the 3.2 million euro project from the budget

2023-11-03 11:01:53Biznes SHKRUAR NGA REDAKSIA VOX

Construction of the Vorë-Hani i Hoti railway starts in 2024, cost 373

The draft budget of 2024 envisages the construction of the Vorë-Hani i Hoti railway. According to the data in the draft budget, the construction of the 120-kilometer long railway will cost 39.2 billion ALL or about 373 million euros. Of these, for the next year the government has planned to spend 3.2 million euros as financing for the launch of the project, while for 2025, the fund provided in the budget increases to 25 million euros.

The Vorë-Hani i Hoti railway will be financed through a mixed package of donations and loans. According to the project website, 160 million euros will be provided for free by the European Union through the Investment Framework for the Western Balkans. The European Bank for Reconstruction and Development will finance a 100 million euro loan, while another 100 million euro loan will be obtained from the European Investment Bank.

The Vorë-Hani i Hoti railway is part of the extension of the Trans-European Main Transport Network TEN-T in the Western Balkans, which will connect Albania with regional and European railway networks through the pan-European Corridor X.

The existing railway line Vora - Hani i Hotit was built in two stages: from Vora to Laç in the early 1960s, while from Laç to the Albania-Montenegro border, in 1985.

 


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