Albania Infrastructure and Tourism-Enabling Programme 2 (EBRD-49493)

Countries
  • Albania
Where the impacts of the investment may be experienced.
Specific Location
the regions of Berat, Korca, Fier and Shkoder
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 31, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Finance and Economy. Republic of Albania
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Infrastructure
  • Technical Cooperation
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 69.91 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 60 million
Converted using 2018-07-20 exchange rate.
Project Cost (USD)
$ 132.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 113.3 million
Converted using 2018-07-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 29, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

Provision of a sovereign loan facility of up to EUR 60 million to the Republic of Albania, divided into two tranches of EUR 30 million each, to finance:

(i) tourism-enabling and

(ii) general municipal infrastructure and transport infrastructure, respectively (the "Albania Infrastructure and Tourism- Enabling Programme", "AITP" or the "Project").

AITP will be co-financed with an EU grant of EUR 40 million that will be used, among others, for the rehabilitation of cultural and natural heritage sites and will be made available through the Instruments for Pre-Accession Assistance ("IPA").

The EBRD Bank will also seek to provide financing or risk-sharing through local commercial banks, as well as advisory services, to support micro and SMEs active in the tourism value chain.

1. Enhance the competitiveness of Albania's tourism sector through a comprehensive approach including infrastructure development, cultural and natural heritage sites rehabilitation and support to SMEs.

2. Improve municipal and environmental infrastructure across the country and regional transport links to provide more reliable access to economic centres across the country, including in the Designated Regions, and improve accessibility to certain touristic sites and touristic villages in these regions.

 

 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

The Borrower is the Republic of Albania represented by the Ministry of Finance and Economy. The Client and Executing Agency is the Albanian Development Fund (ADF) which is responsible for the management of local and regional infrastructure projects as well as supporting local government units with institutional strengthening.

Contact Information

Company Contact Information

Name: Benet Beci
Email: adf@albaniandf.org
Phone number: +355 4 2235 597/ +355 4 2234 885
Website: www.albaniandf.org
Address: Rruga "Sami Frasheri", Nr. 10 Tirana, Albania

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.