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.
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.
This operation is covered by the ELM Guarantee.
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).
News & Stories
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.
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.