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Durrës Port To Receive WBIF Grant For Reconstruction Work

Durrës port to receive WBIF grant for reconstruction work

Durrës Port To Receive WBIF Grant For Reconstruction Work

Durrës, Albania (PortSEurope) February 26, 2019 – In the framework of the 20th Western Balkans Investment Instrument (WBIF) call for technical assistance, the WBIF Steering Committee has approved several projects for Albania as part of a revised program in 2018.

One of the projects is the reconstruction of Pits 1 and 2 in the port of Durrës. The grant amount for this project is €27.7 million ($31.49 million) and the total project cost is €62.4 million ($70.95 million).

The Western Balkans Investment Framework (WBIF) supports socio-economic development and EU accession across the Western Balkans through the provision of finance and technical assistance for strategic investments, particularly in infrastructure, energy efficiency, and private sector development. It is a joint initiative of the EU, International Financial institutions, bilateral donors, and the governments of the Western Balkans.

Source: Monitor

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