POST Online Media Lite Edition


EBRD supports Kosovo's key highway project

Staff Writer |
A loan worth €71 million will help pay for a 30km highway project in Kosovo.

Article continues below

The loan is being provided by the European Bank for Reconstruction and Development (EBRD) and will link Kijeve to the west of capital Pristina, with Zahaq, lying on the outskirts of the city of Peje.

The highway will form part of Route 6b of the Western Balkans Comprehensive Network and will support Kosovo’s economic development and regional integration.

The EBRD funding will be complemented by a €80 million loan provided by the European Investment Bank (EIB) and €3.2 million in grant funding from the Western Balkans Investment Framework (WBIF) for project preparation.

The investment will also support the commercialisation of the road sector through the introduction of first steps, such as appropriate funding levels for road development and maintenance. Special attention will also be paid to improvements in road safety.

The project will assist in Kosovo’s economic development by helping trade and transport.

What to read next

Growth in EBRD to pick up despite major risks
Cameroon $473.3m highway project in problems, China suspended financing
EBRD approves $500 million investment into TANAP project