Loan Agreement Signed for Water Sector Investment Project
TIRANA, January 16, 2014 – The Government of Albania and the World Bank today signed the loan agreement for a Water Sector Investment Project, totaling US$85.3 million. The agreement was signed on behalf of the Republic of Albania by Minister of Finance Shkëlqim Cani and on behalf of the World Bank by Country Manager Tahseen Sayed. The ceremony was held at Municipality of Durres in the presence of the Prime Minister Edi Rama, Minister of Transport and Infrastructure Edmond Haxhinasto, World Bank Country Director for Southeast Europe Ellen Goldstein, Mayor of Durres, heads of local government units as well as members of the staff who prepared the project. This project was approved on December 20, 2013, by the World Bank’s Board of Executive Directors.
The project will help improve the quality of water and wastewater services in the coastal city of Durres area, and improve the financial performance of its water utility. The Project aims to upgrade and expand the existing water supply and sewerage network in Durres, the country’s second largest city, one of the main tourist destinations, and primary port. This will be achieved through investments in the water supply network and construction of water transmission pipeline to link villages to the city’s water supply system and reduce losses in the water distribution network. In addition, the project will support investments in the sewerage network and its transfer capacity from the touristic beach area to the newly constructed Durres Wastewater Treatment Plant.