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    Signature(s)

    Amount (.*)
    € 10,400,000
    Countries
    Sector(s)
    Albania : € 10,400,000
    Water, sewerage : € 3,120,000
    Urban development : € 7,280,000
    Signature date(s)
    5/07/2019 : € 720,000
    5/07/2019 : € 1,680,000
    5/07/2019 : € 2,400,000
    5/07/2019 : € 5,600,000
    (*) Including a € 1,680,000 Investment Grants provided by the ECONOMIC RESILIENCE INITIATIVE FUND ,a € 720,000 Investment Grants provided by the ECONOMIC RESILIENCE INITIATIVE FUND

    Summary sheet

    Release date
    5 June 2018
    Status
    Reference
    Signed | 05/07/2019
    20161020
    Project name
    Promoter - financial intermediary
    LANA RIVER FRONT - URBAN REDEVELOPMENT
    CITY OF TIRANA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 10 million
    EUR 24 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the urban redevelopment of Lana river front in the territory of the city of Tirana in Albania. Investments include the reorganisation of streets and associated urban infrastructure on either riverbank as well as the improvement of the Lana river bed to prevent future flooding in the area.

    The project is expected to result in an improved quality of life, public safety and the reduction in costs caused by flooding thus helping the city become more resilient and adapted to climate change. The project will contribute to an improved environment and will promote economic growth and local employment during the construction phase.

    Environmental aspects
    Procurement

    The Bank will assess the compliance of the project with EU environmental legislation, policy and EIB environmental and social standards. Certain project components (e.g. flood protection measures) might be subject to Environmental Impact Assessments (EIAs) and biodiversity assessments. Any potential negative externalities, as well as environmental and social regulation issues will be assessed during the appraisal.

    The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - LANA RIVER FRONT - URBAN REDEVELOPMENT - VLERËSIM PARAPRAK I NDIKIMIT NË MJEDIS (Albanian version)
    Publication Date
    6 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    88042072
    Document Focus
    Environmental Information
    Project Number
    20161020
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - LANA RIVER FRONT - URBAN REDEVELOPMENT
    Publication Date
    21 Dec 2018
    Document language
    Main Topic
    Lending
    Document Number
    84770790
    Document Focus
    Environmental Information
    Project Number
    20161020
    Countries
    Publicly available
    Download now
    Stakeholder Engagement Plan (SEP) - LANA RIVER FRONT - URBAN REDEVELOPMENT
    Publication Date
    13 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    125453165
    Document Focus
    Environmental Information
    Project Number
    20161020
    Countries
    Publicly available
    Download now

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    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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