Gordana Kovacevic
- European Investment Bank
- Communication Department
- Vladimira Popovića 38-40
- 11070 Belgrade
In the presence of high-level government and EU officials, the European Investment Bank (EIB) Global has signed a €75.5 million financial agreement for the reconstruction of a 167 km long railway section between Bar, Podgorica and Vrbnica. These infrastructural improvements along the extended Trans-European Transport Network (TEN-T) will improve rail capacity, efficiency and safety, benefiting over 1 million passengers a year and international freight traffic. The project will also promote a modal shift from road to rail, contributing to a more sustainable transport system in the country.
EIB Global, the arm of the European Investment Bank (EIB) for financing activities outside the European Union, has signed a €100 million loan with Albania under a Team Europe financial package for the modernisation and electrification of a 120 km railway line from Vorë in central Albania to Hani i Hotit on the border with Montenegro. The project is in line with strategic EU support for the construction and rehabilitation of key railway sections in the Western Balkans, aiming to increase the accessibility and attractiveness of the rail transportation, contributing to socioeconomic development, better trade links, the shift to more sustainable modes of transport and the decarbonisation of local economies.
To support the green transition in Kosovo*, the European Investment Bank (EIB) has signed a €33 million investment loan for the construction one of its largest solar photovoltaic plants near Pristina - with a capacity of up to 100 MWac (120MWp). By increasing the share and capacity of solar energy in power generation, the project will contribute to energy supply security, a faster green transition and economic growth in the region. Upon completion, the plant is expected to produce around 169 GWh of electricity and displace 174 000 tonnes of CO2 a year on average.