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The project promoted by offshore companies and supported by the Albanian government for the construction of a yacht marina and a block of apartments and hotels in the country where the country’s largest commercial port currently operates has led the European Union to an extreme decision regarding financing in Albania, starting from the commercial port.
Thus, the EU has canceled a grant of 28 million euros that was made available by the Investment Fund for the Western Balkans, in order to reconstruct Piers 1 & 2, in the Western Terminal of the Port.
As a result of the modification of the project and the change of use of the current port, the EU has canceled the remaining WBIF investment grant for the previous port project. The EU has followed the discussions in the Parliament about the draft law for the redevelopment of the port of Durres and is awaiting clarifications from the government.
According to the description on the official website of the port authority of Durres, the investment financed by the EU would enable the increase of the processing capacities of the ships, the increase of the designed depth for the purpose of anchoring large tonnage ships, as well as it would increase the stability of the quays for high tonnages.
Partners and donors of this project, which totaled 62 million euros, were the governments of several European countries, including Germany, France, Italy, and several other organizations.
The cancellation of the grant from the EU seems to lead to the withdrawal from this investment of the European Bank for Reconstruction and Development and 25 million euros. Furthermore, the EU Office in Tirana says that the yacht marina project is being put under EU supervision as it may conflict with the Stabilization and Association Agreement.
As for the trade agreement between Albania and the United Arab Emirates, the EU will continue to monitor the importance for the SAA and compliance with it, in dialogue with the Albanian institutions. We are also consulting with government representatives about investment priorities.
/abcnews.al
