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    Reference: 20161020
    Release date: 5 June 2018

    Promoter – Financial Intermediary




    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.


    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 10 million

    Total cost (Approximate amount)

    EUR 24 million

    Environmental aspects

    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.


    Signed - 5/07/2019


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

    Related tags

    Albania Water, sewerage Urban development