European Bank for Reconstruction and Development will provide funding and support for Tirana Municipality for the improvement of infrastructure and the sustainable development of the city.
The new collaboration was announced on Thursday by the Tirana Municipality press office after the representatives of the two institutions signed a Memorandum of Understanding, respectively by the Mayor of Tirana Erion Veliaj and by the First Vice President of the EBRD, Phil Bennett, in Tirana capital.
According to the signed MoU, the EBRD will support the Municipality of Tirana in compiling projects, in the aspect of institutional development, and will offer assistance in the implementation of projects and procurement. The two institutions have also agreed to cooperate in the field of urban transport and road infrastructure.
After signing the MoU, the Mayor of Tirana stressed that such agreement is very important for Tirana city and that the implementation of sustainable and eco-friendly projects will support the establishment of a sustainable environment which will boost the economic development of the city and will improve the living standards for its citizens. In turn, the First Vice President of the EBRD Phil Bennett declared that a sustainable infrastructure is one of the main conditions for the development of a friendly urban climate and the EBRD will assist in the establishment of such infrastructure in Tirana city.
Since the beginning of the EBRD activity in Albania, the bank has invested about $ 1 billion in more than 70 different projects, mostly in the economy field.