TIRANA, May 20 – The Committee on Economy, Employment and Finance has approved a draft law that opens the way for financing one of the most important infrastructure projects in northern Albania, known as “Gateway to the Alps”.
The committee, led by chair Milva Ekonomi, reviewed the financial agreement between the Republic of Albania and the European Investment Bank and sent it for approval in the Plenary Hall.
Meanwhile, Deputy Minister of Finance Endrit Yzeiraj presented the main objectives of the investment during the hearing. He said the project targets improved access in northern areas, development of sustainable tourism, stimulation of the local economy and reduction of regional disparities.
MPs focused on the agreement details, implementation phases and the impact of the loan on public finances. In response, Yzeiraj said the financial terms with the European Investment Bank are highly favourable. He pointed to low interest rates and long repayment periods as key elements supporting the investment.
After the discussion, committee members approved the draft law in principle, article by article and in full. The agreement now moves to a final vote in the Plenary Hall of the Albanian Parliament.
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